Al Mudon board proposes FY11 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Al Mudon International Real Estate Co., in a meeting held on Sunday, 04/03/2012, endorsed financial results for the fiscal year that ended on 31/12/2011, as follows:
1) Financial results:
Item |
FY ended 31/12/11 |
FY ended 31/12/10 |
Profit (KWD) |
50.067 |
310.224 |
EPS (KWD fils) |
0.5 |
3.1 |
Total current assets (KWD) |
47.702 |
1.685.805 |
Total assets (KWD) |
18.430.398 |
22.082.918 |
Total current liabilities (KWD) |
1.033.589 |
4.282.342 |
Total liabilities (KWD) |
1.044.883 |
4.288.686 |
Total shareholders’ equity (KWD) |
17.385.515 |
17.794.232 |
Total expenses of dealings with related parties reached KWD 292.651, with no relevant revenue recorded.
2) Proposed dividend:
The board recommended withholding dividend for FY11 , pending the approval of shareholder meeting and competent authorities.
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