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Gulf Investment House sustains KWD 2.1 mln losses in 9 months till 30/09/2011

GIH GIH -0.26% 379.00 -1.00

Kuwait Stock Exchange (KSE) announces that Gulf Investment House (GIH) obtained on Tuesday, 16/11/2011, the approval of the Capital Market Authority (CMA) on its 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)
  (493.847)
       (2.126.566)
EPS (Loss) (fils)
(1.17)
  (5.04)
Total current assets

14.501.307
Total assets

73.648.463
Total current liabilities
-
1.534.511
Total liabilities
-
51.619.150
Total shareholders’ equity
-
22.029.313


Total revenue and expenses of dealings with related parties reached KWD 122.457 and KWD 1.827.205 respectively.

2) Comparative periods:

Item
3 months ended 30/09/2010
9 months ended 30/09/2010
Profit (Loss) (KWD)
            (3.111.604)
(5.047.293)
EPS (LPS) (fils)
 (7.38)
 (11.97)
Total current assets

14.038.785‏
Total assets

96.371.497
Total current liabilities

15.332.218
Total liabilities

59.461.217
Total shareholders’ equity

36.910.280

Accordingly, the stock will resume trading ten minutes after this announcement.

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