Mashaer board proposes 13% dividend payout for FY11
Kuwait Stock Exchange (KSE) announces that the board of Mashaer Holding Co., in its meeting held on Sunday, 19/02/2012, endorsed financial statements for the fiscal year that ended on Dec. 31, 2011, as follows:
1- Financial results:
Item
|
FY ended 31/12/11
|
FY ended 31/12/10
|
Profit (Loss) (KWD)
|
5,200,734
|
(24,947,475)
|
EPS (LPS) (fils)
|
29
|
(139)
|
Total current assets
|
27,783,387
|
29,007,895
|
Total assets
|
79,349,172
|
74,008,341
|
Total current liabilities
|
30,813,399
|
28,130,018
|
Total liabilities
|
35,123,096
|
34,686,103
|
Total shareholders’ equity
|
43,824,452
|
38,962,865
|
Neither revenue nor expenses of dealing with related parties were recorded.
2- Proposed dividend:
The board recommended paying FY11 cash dividend at 13% of par value, or 13 fils per share, pending the approval of shareholder meeting and competent authorities. Shareholders of record on the general meeting date are entitled to this dividend.
Comments