Amar board recommends FY11 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Amar for Finance and Leasing Co. approved, yesterday, Tuesday, 27/03/2012, financial statements for the FY that ended on 31/12/2011, as follows:
1- Financial results:
Item |
FY ended 31/12/11 |
FY ended 31/12/10 |
Profit (Loss) (KWD) |
(181,434) |
1,398,446 |
EPS (LPS) (fils) |
(0,9) |
7 |
Total current assets |
8,465,839 |
10,017,009 |
Total assets |
28,385,608 |
33,764,015 |
Total current liabilities |
5,060,194 |
8,769,704 |
Total liabilities |
7,207,746 |
10,965,931 |
Total shareholders’ equity |
21,177,862 |
22,798,084 |
Total revenue from dealing with related parties reached KWD 102,988, with no relevant expenses recorded.
The company obtained the approval of the Capital Market Authority (CMA) on 26/3/2012.
2- Proposed dividend:
The board recommended withholding FY11 dividend, pending the approval of shareholder meeting and competent authorities.
Accordingly, the stock will resume trading, as of today, Wednesday, March 28th.
Comments