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Advanced Technology board recommends 15% cash dividend for FY011

ATC ATC 9.80% 437.00 39.00

Kuwait Stock Exchange (KSE) announces that the board of Advanced Technology Co. (ATC), in a meeting held on Monday, 12/03/2012, endorsed financial statements for FY that ended on 31/12/2011, as follows:
1) Financial results:

Item

FY ended 31/12/2011

FY ended 31/12/2010

Profit (KWD)

3,619,442

4,627,596

EPS (LPS) (fils)

24,13

30,85

Total current assets

74,067,130

63,460,019

Total assets

88,927,936

80,224,852

Total current liabilities

50,494,941

45,454,580

Total liabilities

54,585,129

49,505,435

Total shareholders' equity

34,342,807

30,719,418

Revenue from dealings with related parties totaled KWD 1,379,967, with no relevant expenses recorded.
- Proposed dividend:
The board recommended paying dividend at 15% of par value or 15 fils a share for FY11. This recommendation is pending the approval of shareholder meeting and competent authorities. Shareholders of record on the general meeting date are entitled to receive this dividend.
Accordingly, the stock will resume trading ten minutes after this announcement.


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