Kuwait Re sustains KWD 452 thousand losses in 6 months till 30/6/2011
Kuwait Stock Exchange (KSE) announces that the board of Kuwait Reinsurance Co. (Kuwait Re), in its meeting held yesterday, Wednesday, 10/8/2011, endorsed interim financial results for the period ended on 30/06/2011, as follows:
1- Current periods:
| Item |
3 months till 30/6/11 |
6 months till 30/6/11 |
| Profit (Loss) (KWD) |
839.478 |
( 452.217 ) |
| EPS (LPS) (fils) |
4.63 |
( 3.88 ) |
| Total current assets |
- |
58.577.328 |
| Total assets |
- |
96.023.642 |
| Total current liabilities |
-- |
29.550.710 |
| Total liabilities |
- |
60.338.774 |
| Total shareholders’ equity |
- |
35.684.868 |
Revenue and expenses of dealings with related parties reached KWD 152.522 and KWD 49.905 respectively.
2- Comparative periods:
| Item |
3 months till 30/6/10 |
6 months till 30/6/10 |
| Profit (KWD) |
2.230.819 |
3.837.619 |
| EPS (fils) |
19.13 |
32.91 |
| Total current assets |
- |
52.802.086 |
| Total assets |
- |
96.047.835 |
| Total current liabilities |
- |
28.238.578 |
| Total liabilities |
- |
56.303.741 |
| Total shareholders’ equity |
- |
39.744.094 |
Comments