Americana board recommends 65% cash dividend for FY10
Kuwait Stock Exchange (KSE) announces that the board of Kuwait Food Co. (Americana) approved, today, Tuesday, 15/02/2011, the interim financial statements for the FY that ended on 31/12/2010, as follows:
1- Financial results:
| Item
|
FY ended 31/12/10
|
FY ended 31/12/09
|
| Profit (Loss) (KWD)
|
46.220.000
|
36.276.000
|
| EPS (LPS) (fils)
|
118
|
93
|
| Total current assets
|
204.994.000
|
189.268.000
|
| Total assets
|
625.574.000
|
589.751.000
|
| Total current liabilities
|
178.770.000
|
183.059.000
|
| Total liabilities
|
250.144.000
|
264.532.000
|
| Total shareholders’ equity
|
375.430.000
|
325.219.000
|
Total revenue and expenses of dealings with related parties reached KWD 242.000 and KWD 1.997.000 respectively.
2- Proposed dividend:
The board recommended paying FY10 cash dividend at 65% of par value, or 65 fils a share, to shareholders of record on their general meeting date.
This proposal is pending the approval of shareholder meeting and competent authorities.
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