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Combined Group posts KWD 6.6 mln profit for 9 months till 30/09/2011

CGC CGC -0.23% 439.00 -1.00

Kuwait Stock Exchange (KSE) announces that the board of Combined Group Contracting Co. (CGC), in a meeting held today, Tuesday, 15/11/2011, 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 (KWD)

2,287,675

6,627,889

EPS (fils)

23,7

68,66

Total current assets

-

124,762,832

Total assets

-

142,236,870

Total current liabilities

-

81,991,477

Total liabilities

-

105,320,777

Total shareholders’ equity

-

36,916,093


Total expenses of dealings with related parties reached KWD 518,128, with no relevant revenue recorded.
2) Comparative periods:

Item

3 months ended 30/09/2010

9 months ended 30/09/2010

Profit (KWD)

2,872,960

7,407,690

EPS (fils)

29,79

76,88

Total current assets

-

120,604,189

Total assets

-

135,360,693

Total current liabilities

-

70,040,309

Total liabilities

-

98,987,163

Total shareholders’ equity

-

36,375,530

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