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Nafaes generates KWD 5.7 mln profit in 3 months till 31/03/2011

NAFAIS NAFAIS`R 0.00% 880.00 0.00

Kuwait Stock Exchange (KSE) announces that the board of Nafaes Holding, in a meeting held yesterday, Sunday, 15/05/2011, endorsed the interim financial statements for the fiscal period that ended on 31/3/2011 as follows:

Current periods:

Item

3 months ended 31/03/2011

3 months ended 31/03/2010

Profit (Loss) (KWD)

5.770.894

(805.399)

EPS (LPS) (fils)

9.44

(1.31)

Total current assets

13.788.527

54.073.978

Total assets

84.439.584

121.361.536

Total current liabilities

20.599.975

40.338.653

Total liabilities

33.226.612

63.939.914

Total shareholders’ equity

51.034.677

51.540.314


Revenue from dealings with related parties totaled KWD 1.525.059, with no relevant expenses incurred.

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