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Mayadeen sustains KWD 5.5 mln loss in 3 months till 31/03/2011

SHOOTING SHOOTING`R -2.01% 39.00 -0.80

Kuwait Stock Exchange (KSE) announces that the board of National Ranges Co. (Mayadeen), in its meeting held on Tuesday, 31/5/2011, ratified interim financial statements for the period that ended on 31/03/2011, as follows:

- Current periods:


 
 
Item
 
 
3 months till 31/03/2011
 
 
3 months till 31/03/2010
 
 
Profit  (Loss) (KWD)
( 5,597,655 )
( 950,785 )
 
 
EPS (LPS) (fils)
( 5,954 )
( 1,011 )
 
 
Total current assets
67,064,227
80,500,849
 
 
Total assets
115,429,082
136,205,652
 
 
Total current liabilities
69,743,231
45,710,647
 
 
Total liabilities
69,834,980
68,092,281
 
 
Total shareholders’ equity
45,594,102
68,113,371


 

Neither revenue nor expenses of dealings with related parties were recorded. Accordingly, the stock will resume trading ten minutes after the announcement.

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