Al Enma'a board recommends FY11 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Al Enma'a Real Estate Co. (ERESCO), in its meeting held on Monday, 2/1/2012, endorsed financial statements for FY that ended on 31/10/2011, as follows:
- Current periods:
Item
|
FY ended 31/10/11
|
FY ended 31/10/10
|
Profit (KWD)
|
1.102.311
|
673.950
|
EPS (fils)
|
2.45
|
1.5
|
Total current assets
|
18.630.527
|
18.759.502
|
Total assets
|
81.713.197
|
80.883.889
|
Total current liabilities
|
15.075.392
|
23.690.282
|
Total liabilities
|
28.471.227
|
27.201.976
|
Total shareholders’ equity
|
53.241.970
|
53.681.913
|
Total revenue and expenses of dealings with related parties reached KWD 3.110.908 and KWD 2.663.696 respectively.
- Proposed dividend:
The board recommended withholding dividend for the FY that ended on 31/10/11. This proposal is subject to the approval of shareholder meeting and competent authorities.
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