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Amar suffers KWD 667,000 losses in 9 months till 30/09/2011

AMAR AMAR -4.92% 61.80 -3.20

Kuwait Stock Exchange (KSE) announces that Amar Finance & Leasing obtained on Tuesday, 29/11/2011, 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)

(85.668)

(667.913) 

EPS (LPS) (fils)

(0.4)

(3.4)

Total current assets

-

7.606.057

Total assets

-

27.902.793

Total current liabilities

-

5.139.192

Total liabilities

-

7.430.465

Total shareholders’ equity

-

20.472.328

Total revenue from dealings with related parties reached KWD 74.869, with no relevant expenses incurred.

2) Comparative periods:

Item

3 months ended 30/09/2010

9 months ended 30/09/2010

Profit (Loss) (KWD)

900.740

1.996.106

EPS (LPS) (fils)

4.5

10

Total current assets

-

7.771.885

Total assets

-

33.450.965

Total current liabilities

-

8.258.228

Total liabilities

-

10.660.610

Total shareholders’ equity

-

22.790.355

Accordingly, the stock will resume trading today, Thursday, 1/12/2011.

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