Al-Safat Energy makes KWD 55 thousand in 3 months till 31/03/2011
Kuwait Stock Exchange (KSE) announces that the board of Al-Safat Energy Holding Co., in a meeting held on 15/05/2011, endorsed the interim financial statements for the fiscal period that ended on 31/03/2011 as follows:
1) Current period:
| Item
|
3 months ended 31/03/2011
|
3 months ended 31/03/2010
|
| Profit (KWD)
|
55,851
|
255,631
|
| EPS (fils)
|
0.093
|
0.42
|
| Total current assets
|
14,919,895
|
17,674,430
|
| Total assets
|
78,493,879
|
82,506,993
|
| Total current liabilities
|
9,425,686
|
10,217,449
|
| Total liabilities
|
10,042,092
|
10,552,063
|
| Total shareholders’ equity
|
58,855,345
|
62,702,060
|
Total expenses of dealings with related parties reached KWD 47,354, with no related revenue recorded.
Accordingly, the stock will resume trading 10 minutes after this announcement.
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