Kuwait Syrian board proposes FY11 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Kuwait Syrian Holding Co. (KSHC) endorsed today, Sunday, 18/03/2012, the financial statements for the fiscal year that ended on 31/12/2011, as follows:
1) Financial results:
| Item |
FY ended 31/12/2011 |
FY ended 31/12/2010 |
| Profit (Loss) (KWD) |
(2,265,695) |
437,265 |
| EPS (LPS) (fils) |
(7.55) |
1.46 |
| Total current assets |
12,556,041 |
14,295,554 |
| Total assets |
47,353,476 |
50,753,653 |
| Total current liabilities |
4,281,995 |
376,964 |
| Total liabilities |
10,372,772 |
9,570,733 |
| Total shareholders' equity |
27,191,163 |
30,997,585 |
Total revenue and expenses of dealings with related parties reached KWD (827,558) and KWD 15,718 respectively.
2) Proposed dividend:
The board recommended withholding dividend for FY11, pending the approval of shareholder meeting and competent authorities.
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