Marakez sees KWD 292,000 losses in 6 months till 30/06/2011
Kuwait Stock Exchange (KSE) announces that the board of Real Estate Trade Centers Co. (Marakez), in a meeting held yesterday, Tuesday, 09/08/2011, endorsed the interim financial statements for the fiscal periods that ended on 30/06/2011 as follows:
1) Current periods:
| Item
|
3 months ended 30/06/2011
|
6 months ended 30/06/2011
|
| Profit (Loss) (KWD)
|
(237,992)
|
(292,778)
|
| EPS (LPS) (fils)
|
(2.27)
|
(2.53)
|
| Total current assets
|
-
|
141,217
|
| Total assets
|
-
|
28,909,425
|
| Total current liabilities
|
-
|
419,965
|
| -
|
7,905,321
|
|
| Total shareholders’ equity
|
-
|
21,004,321
|
No revenue or expenses of dealings with related parties were recorded.
2) Comparative periods:
| Item
|
3 months ended 30/06/2010
|
6 months ended 30/06/2010
|
| Profit (KWD)
|
-
|
1,338,427
|
| EPS (fils)
|
-
|
11.59
|
| Total current assets
|
-
|
34,893
|
| Total assets
|
-
|
28,826,800
|
| Total current liabilities
|
-
|
1,526,349
|
| Total liabilities
|
-
|
10,976,143
|
| Total shareholders’ equity
|
-
|
17,850,657
|
There are no audited interim financial statements for the first three months of FY10, as the company began to prepare quarterly interim financial statements as of Q2-10.
Comments