Mubasher TV
Contact Us Advertising   العربية

Kuwait Real Estate board recommends FY11 dividend freeze

KRE KRE 0.45% 225.00 1.00

Kuwait Stock Exchange (KSE) announces that the board of Kuwait Real Estate Co. (KREC) gave a nod on Tuesday, 27/3/2012, to financial statements for the FY 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)

1.009.141

(20.711.917)

EPS (LPS) (fils)

 1.1

(22.9)

Total current assets

13.736.341

12.671.576

Total assets

172.563.967

164.624.122

Total current liabilities

11.659.927

5.727.285

Total liabilities

58.900.098

48.147.272

Total shareholders' equity

113.663.869

116.476.850

Expenses of dealings with related parties totaled KWD 246.461, with no relative revenue recorded.
2. Proposed dividend
The board recommended withholding dividend for FY11, pending the approval of the shareholder meeting and competent authorities.

Comments