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Ajwan sustains KWD 154 thousand losses in 6 months till 30/06/2011

AJWAN AJWAN 3.07% 16.80 0.50

Kuwait Stock Exchange (KSE) announces that the board of Ajwan Gulf Real Estate Co., 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)

(130.158)

(154.619)

EPS (LPS) (fils)

(1.3)

(1.55)

Total current assets

-

2.866.651

Total assets

-

8.103.242

Total current liabilities

-

159.757

Total liabilities

-

168.001

Total shareholders’ equity

-

7.935.241


Neither revenue nor 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 (Loss) (KWD)

(115.901)

(224.768)

EPS (LPS) (fils)

(1.16)

(2.25)

Total current assets

-

6.157.096

Total assets

-

11.888.432

Total current liabilities

-

2.374.137

Total liabilities

-

2.417.856

Total shareholders’ equity

-

9.470.576

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