Advanced Technology board recommends 15% cash dividend for FY011
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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