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Al Enma'a board recommends FY11 dividend freeze

ERESCO ERESCO 1.54% 52.80 0.80

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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