Alargan board proposes FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Alargan International Real Estate 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 (KWD)
|
3,983,208
|
3,362,769
|
| EPS (fils)
|
15.54
|
13.12
|
| Total current assets
|
20,519,456
|
23,028,091
|
| Total assets
|
106,749,969
|
101,646,597
|
| Total current liabilities
|
20,600,255
|
17,125,983
|
| Total liabilities
|
45,032,953
|
43,141,263
|
| Total shareholders’ equity
|
61,717,016
|
58,505,334
|
Total revenue and expenses of dealings with related parties reached KWD 464,579 and KWD 587,681 respectively.
2) Proposed dividend:
The board recommended withholding dividend for FY10, pending the approval of shareholder meeting and competent authorities.
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