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REAM generates KWD 166000 profit in Q1

REAM REAM 6.62% 90.20 5.60

Kuwait Stock Exchange (KSE) announces that the board of Real Estate Asset Management Co. (REAM), in a meeting held today, Wednesday, 09/05/2012, endorsed interim financial statements for the fiscal period that ended on 31/03/2012, as follows:

1) Financial results:

Item

3 months ended 31/03/2012

3 months ended 31/03/2011

Profit (KWD)

166.462

252.322

EPS (fils)

 1.6

2.43

Total current assets

4.799.245

4.421.674

Total assets

17.844.804

18.038.665

Total current liabilities

1.858.512

1.807.062

Total liabilities

2.269.537

2.175.547

Total shareholders' equity

15.491.175

15.783.976


Revenue and expenses of dealings with related parties totaled KWD 271.744 and KWD 160.329 respectively.


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