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A'ayan Real Estate logs KWD 641,000 losses in 6 months till 30/06/2011

AAYANRE AAYANRE 0.22% 91.40 0.20

Kuwait Stock Exchange (KSE) announces that the board of A'ayan Real Estate Co., in a meeting held yesterday, 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 (Loss) (KWD)

118,611

(641,667)

EPS (LPS) (fils)

0.3

(1.6)

Total current assets

-

70,160,157

Total assets

-

127,095,624

Total current liabilities

-

52,942,520

 

-

56,261,616

Total shareholders’ equity

-

69,493,034

Total revenue and expenses of dealings with related parties reached KWD 139,158 and KWD 9,901 respectively.

2) Comparative periods:

Item

3  months ended 30/06/2010

6  months ended 30/06/2010

Profit (KWD)

493,938

764,328

EPS (fils)

1.2

1.9

Total current assets

-

84,054,242

Total assets

-

135,317,697

Total current liabilities

-

62,177,206

Total liabilities

-

65,952,194

Total shareholders’ equity

-

69,365,503

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