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Mubarrad incurs KWD 389 THD losses in 9 months till 30/09/2011

MUBARRAD MUBARRAD 0.84% 83.70 0.70

Kuwait Stock Exchange (KSE) announces that the board of Mubarrad Transport Co., in a meeting held today, Monday, 14/11/2011, 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)

(82,522)

(389,740)

EPS (LPS) (fils)

(0.38)

(1.80)

Total current assets

-

9,144,105

Total assets

-

33,571,594

Total current liabilities

-

4,736,831

Total liabilities

-

7,731,575

Total shareholders’ equity

-

25,728,991

Total revenue and expenses of dealings with related parties reached KWD 320,366 and KWD 348,685 respectively.

2) Comparative periods:

Item

3 months ended 30/09/2010

9 months ended 30/09/2010

Profit (Loss) (KWD)

40,951

(71,440)

EPS (LPS) (fils)

0.19

(0.36)

Total current assets

-

15,678,147

Total assets

-

34,484,139

Total current liabilities

-

7,580,328

Total liabilities

-

7,993,458

Total shareholders’ equity

-

26,380,463

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