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Privatization makes KWD 112 THD profit in 3 months

KPPC KPPC 2.41% 34.00 0.80

Kuwait Stock Exchange (KSE) announces that the board of Privatization Holding Co., in a meeting held yesterday, Sunday, 13/05/2012, endorsed interim financial statements for the fiscal period that ended on 31/3/2012, as follows:

1) Financial results:

Item

3 months ended 31/03/2012

3 months ended 31/03/2011

Profit (KWD)

112,986

2,530,420

EPS (fils)

0.2

3.40

Total current assets

124,133,385

135,976,507

Total assets

233,329,542

243,181,595

Total current liabilities

125,572,666

112,628,265

Total liabilities

126,032,063

112,934,229

Total shareholders' equity

106,280,662

110,127,496

Total revenue and expenses of dealings with related parties reached KWD 33,967 and KWD 1,009 respectively.

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