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ADNC suffers KWD 101 THD loss in 6 months till 30/06/2012

ADNC ADNC -8.00% 11.00 -1.00

Kuwait Stock Exchange (KSE) announces that the board of Al-Dar National Real Estate Co. (ADNC), in a meeting held yesterday, Sunday, 22/07/2012, endorsed interim financial statements for the fiscal periods that ended on 30/06/2012, as follows:

1) Current periods:

Item

3 months ended 30/06/2012

6 months ended 30/06/2012

Profit (Loss) (KWD)

(133,370)

(101,534)

EPS (LPS) (fils)

(0.32)

(0.25)

Total current assets

-

9,120,192

Total assets

-

82,611,492

Total current liabilities

-

67,131,861

Total liabilities

-

67,221,641

Total shareholders' equity

-

15,389,851

Neither revenue nor expenses of dealings with related parties were recorded.

2) Comparative periods:

Item

3 months ended 30/06/2011

6 months ended 30/06/2011

Profit (KWD)

19,037

130,267

EPS (fils)

0.05

0.32

Total current assets

-

6,206,888

Total assets

-

81,781,090

Total current liabilities

-

66,231,580

Total liabilities

-

66,336,997

Total shareholders' equity

-

15,444,093

Accordingly, the stock will resume trading ten minutes after this announcement.

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