Al-Safat Energy board proposes FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Al-Safat Energy Holding Co., in a meeting held on Thursday, 31/03/2011, endorsed the financial statements for the fiscal year that ended on 31/12/2010 as follows:
1) Current periods:
| Item
|
FY ended 31/12/2010
|
FY ended 31/12/2009
|
| Profit (Loss) (KWD)
|
(4,374,580)
|
142,692
|
| EPS (LPS) (fils)
|
(7.26)
|
0.24
|
| Total current assets
|
14,696,146
|
19,085,335
|
| Total assets
|
77,435,388
|
83,327,545
|
| Total current liabilities
|
8,858,410
|
11,784,336
|
| Total liabilities
|
9,492,041
|
12,087,684
|
| Total shareholders’ equity
|
58,473,531
|
62,007,171
|
Total expenses of dealings with related parties reached KWD 294,233, with no related revenue recorded.
2) Proposed dividend:
The board recommended withholding dividend for FY10, pending the approval of shareholder meeting and competent authorities.
Comments