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Wethaq sustains KWD 100 THD losses in 9 months till 30/09/2011

WETHAQ WETHAQ 4.52% 37.00 1.60

Kuwait Stock Exchange (KSE) announces that the board of Wethaq Takaful Insurance Co, in a meeting held on 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)
 (127.000)
          (100.000)
EPS (LPS) (fils)
 (1.16)
(0.91)
Total current assets
-
3.459.000
Total assets
-
13.612.000
Total current liabilities
-
1.694.000
Total liabilities
-
1.694.000
Total shareholders’ equity
-
11.037.000


Total expenses of dealings with related parties reached KWD 49.500, with no revenue recorded.


2) Comparative periods:

Item
3 months ended 30/09/2010
9 months ended 30/09/2010
Profit (Loss) (KWD)
184.000
 (903.000)
EPS (LPS) (fils)
                               1.68
 (8.22)
Total current assets
-
3.374.000
Total assets
-
13.537.000
Total current liabilities
-
1.630.000
Total liabilities
-
1.630.000
Total shareholders’ equity
-
11.167.000

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