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Al Masaken suffers KWD 460.000 losses in 6 months till 30/6/2011

MASAKEN MASAKEN -1.89% 31.10 -0.60

Kuwait Stock Exchange (KSE) announces that the board of Al Masaken International Real-estate Development Co., in its meeting held yesterday, Monday, August 15, 2011, ratified interim financial statements for the fiscal periods that ended on 30/6/2011, as follows:
1- Current periods:

Item

3 months till 30/6/11

6 months till 30/6/11

Profit (Loss) (KWD)

(309.020)

(460.103)

EPS (LPS) (fils)

(1.54)

(2.3)

Total current assets

-

3.692.382

Total assets

-

27.155.212

Total current liabilities

-

3.332.271

Total liabilities

-

3.392.246

Total shareholders’ equity

-

23.635.886


Revenue from dealings with related parties totaled KWD 52.153, with no relevant expenses recorded.

2 - Comparative periods:

Item

3 months till 30/6/10

6 months till 30/6/10

Profit (Loss) (KWD)

(41.346)

(28.480)

EPS (LPS) (fils)

(0.21)

(0.14)

Total current assets

-

3.946.036

Total assets

-

27.322.231

Total current liabilities

-

2.858.994

Total liabilities

-

2.909.682

Total shareholders’ equity

-

24.284.325

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