Arab Real Estate incurs KWD 3.4 mln losses in 9 months till 30/09/2011
Kuwait Stock Exchange (KSE) announces that the board of Arab Real Estate Co., in a meeting held today, Sunday, 13/11/2011, endorsed the interim financial statements for the fiscal periods that ended on 30/09/2011 as follows:
1) Current periods:
Item
|
3 months ended 30/09/2011
|
9 months ended 30/09/2011
|
Profit (Loss) (KWD)
|
(308.879)
|
(3,477,743)
|
EPS (LPS) (fils)
|
(0.61)
|
(6.88)
|
Total current assets
|
-
|
18,700,680
|
Total assets
|
-
|
164,819,716
|
Total current liabilities
|
-
|
28,819,716
|
Total liabilities
|
-
|
97,638,632
|
Total shareholders’ equity
|
-
|
67,321,298
|
Total expenses of dealings with related parties reached KWD 94,409, with no relevant revenue recorded.
2) Comparative periods:
Item
|
3 months ended 30/09/2010
|
9 months ended 30/09/2010
|
Profit (Loss) (KWD)
|
(1,233,597)
|
(4,905,111)
|
EPS (LPS) (fils)
|
(2.44)
|
(9.71)
|
Total current assets
|
-
|
1,986,972
|
Total assets
|
-
|
171,995,209
|
Total current liabilities
|
-
|
86,867,272
|
Total liabilities
|
-
|
106,869,784
|
Total shareholders’ equity
|
-
|
65,099,160
|
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