Automated Systems Co KPSC (ASC`R)

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News

31 March 2020 10:25 AM Automated Systems to offer infrastructure services to Kuwait Airways

Mubasher: Kuwait Airways has accepted Automated Systems’ offer to provide infrastructure services for KWD 3.7 million. The service contract shall be effective for two years commencing as of Wednesday, 1 April 2020, until 31 March 2022, Automated …

Companies Investments

25 July 2019 10:21 AM Automated Systems Q2-19 financials turn to losses

Mubasher: The financial statements of Automated Systems have indicated to a negative turn in the results of the second quarter of 2019, compared to profits registered in the corresponding period last year. The losses of the period amounted to …

Financial Results

28 April 2019 03:01 PM Automated Systems nods to 4 fils/shr dividend for FY18

Mubasher: The shareholders of Automated Systems have approved the board’ recommendation to distribute 4 fils per share as cash dividends for the full fiscal year 2018. Dividends represent 4% of the firm’s capital, according to a bourse statement …

Cash Dividends

14 October 2018 11:54 AM Automated Systems purchases Gulf Franchising’s stake in firm

Mubasher: Automated Systems has signed a contract to purchase Gulf Franchising Holding’s equity in Franchise International General Trading. Gulf Franchising’s shares have a value of KWD 150,000 ($496,000). Following this acquisition, Automated …

Trading Activities

23 May 2018 10:53 AM Kuwait Airways invests KWD 44.5m in listed firms

Mubasher: Kuwait Airways currently invests in three companies listed on Boursa Kuwait with operational business alike Kuwait Airways, as reported by Al Anba Newspaper, according to an official document. The Kuwaiti airline company pumped KWD 44.5 …

Trading Activities

6 March 2018 10:20 AM Automated Systems FY17 profits shrink; 15% dividends proposed

Mubasher: Automated Systems reported a drop of 28.8% in profits during the fourth quarter of 2017 compared to the same period in the previous year. Earnings shrank to KWD 237,000 ($791,600) in Q4-17 from KWD 333,000 ($1.11 million) in Q4-16, …

Board of Directors

9 May 2017 02:21 PM Automated Systems to raise capital through bonus

Kuwait – Mubasher: The ordinary general meeting (OGM) of Automated Systems approved raising the authorised, issued, and paid-up capital through distributing 33.2% of capital as bonus shares. The company’s capital will increase by distributing …

General Assembly

23 February 2017 03:57 PM Automated Systems posts lower profits in Q4

Mubasher: Automated Systems reported a drop of 41.3% in profits during the fourth quarter of 2016, compared to the same period a year ago. Earnings shrank to KWD 333,000 ($1.09 million) in Q4-16 from KWD 567,000 ($1.85 million) in Q4-15. During …

Financial Results

29 December 2016 09:26 AM Automated Systems inks KWD 47,824 deal

Kuwait – Mubasher: Automated Systems has signed an agreement worth KWD 47,824 for programming and consultancy services. Revenues from this deal will be registered in the quarterly financial statements starting from the first quarter of 2017, …

Companies Investments

17 November 2016 03:38 PM Automated Systems posts higher profits in Q3

Kuwait – Mubasher: Automated Systems reported a rise of 26.76% in profits to nearly KWD 372,610 ($1.22 million) during the third quarter this year as compared to around KWD 293,950 ($964,430) in the same period a year ago. During the nine-month …

Financial Results

18 July 2016 11:50 AM Automated Sysytems’ stock hits 12 year-high

Kuwait-Mubasher: The stock of Automated Systems topped the winners of Kuwait Stock Exchange (KSE) an hour before closing Monday’s session. The stock jumped by 9.43% or 25 fils to reach 290 fils; the highest level in 12 years. About 51,730 shares …

Trading Activities

22 May 2016 11:01 AM Automated Systems to consider capital raise, dividends

Kuwait-Mubasher: Automated Systems will hold its ordinary and extraordinary general meetings on 5 June to consider capital raise and the dividends proposed for the fiscal year ended 31 December, 2015. The EGM will discuss increasing the capital to …

General Assembly

3 April 2016 03:17 PM Automated Systems reports profits in Q4

Kuwait-Mubasher: Automated Systems achieved profits worth around 566,600 ($1.87 million) in the fourth quarter of 2015, against losses worth about KWD 36,190 ($119,200) in Q4-14, according to a recent statement. The Kuwait-listed firm reported …

Financial Results

7 April 2015 09:08 AM Automated Systems expects KWD 17.6m revenues from KAC's contract

Kuwaiti listed Automated Systems Co. expects revenues of KWD 17.6 million from its new contract with Kuwait Airways Corporation (KAC).The revenues figures will be reflected in the company's financial statements as of the third quarter of 2015, the …

Company News

1 April 2015 03:06 PM Automated Systems inks $53.5m deal

Automated Systems Company has signed an agreement with Kuwait Airways for KWD 16.12 million ($53.5 million) to provide infrastructure services.The contract duration is for five years starting on Wednesday, 1 April.Revenues of the contract will be …

Company News

5 March 2015 02:18 PM Automated Systems proposes cash dividends, bonus shares

Automated Systems Company achieved a net profit up by 0.69% in the fiscal year of 2014.Automated posted earnings worth KWD 1.49 million (about $5.01 million) in 2014, compared to KWD 1.48 million (about $4.97 million) in 2013.The firm’s total …

General News

3 August 2014 00:54 PM Automated Systems profit inches 5.2% in H1

Automated Systems said its interim financial statements for H1-FY14 has showed KWD 1.04 million net profit up by 5.2% from KWD 989 thousands in the same period of previous year.Company achieved operating profit of KWD 992.3 thousands in …

Company News