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Tamdeen Real Estate makes KWD 3 mln in 6 months till 30/06/2011

TAM TAM 0.00% 376.00 0.00

Kuwait Stock Exchange (KSE) announces that the board of Tamdeen Real Estate Co., in a meeting held today, Wednesday, 10/08/2011, 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 (KWD)

1,374,662

3,093,570

EPS (fils)

3.7

8.3

Total current assets

-

50,623,274

Total assets

-

282,207,565

Total current liabilities

-

78,311,042

Total liabilities

-

130,448,841

Total shareholders’ equity

-

102,195,080

Total revenue and expenses of dealings with related parties reached KWD 1,618,570 and KWD 460,642 respectively.

2) Comparative periods:

Item

3 months ended 30/06/2010

6 months ended 30/06/2010

Profit (KWD)

1,609,675

3,668,901

EPS (fils)

4.3

9.9

Total current assets

-

96,597,003

Total assets

-

467,971,462

Total current liabilities

-

108,390,042

Total liabilities

-

243,637,428

Total shareholders’ equity

-

97,852,155

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