Kuwait Foundry board proposes 10% bonus shares for FY11
Kuwait Stock Exchange (KSE) announces that the board of Kuwait Foundry Co., in its meeting held yesterday, 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
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FY ended 31/12/10
|
|
Profit (Loss) (KWD)
|
(3.312.550)
|
5.872.181
|
|
EPS (LPS) (fils)
|
(24.88)
|
44.10
|
|
Total current assets
|
6.778.757
|
9.346.884
|
|
Total assets
|
50.881.958
|
59.470.096
|
|
Total current liabilities
|
1.456.628
|
975.529
|
|
Total liabilities
|
2.195.674
|
1.687.514
|
|
Total shareholders’ equity
|
48.686.284
|
57.785.582
|
Total revenue from dealing with related parties reached KWD 182.465, with no expenses recorded.
2- Proposed dividend:
The board recommended distributing bonus shares for FY11 at 10% of paid-in capital, or 10-for-100.
This proposal is pending the approval of shareholder meeting and competent authorities. Shareholders of record on the general meeting date are entitled to this distribution.
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