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Safat Real Estate incurs KWD 519 thousand losses in 3 months till 30/4/2011

EFFECT EFFECT`R 0.99% 20.50 0.20

Kuwait Stock Exchange (KSE) announces that the board of Al Safat Real Estate Company approved today, Tuesday, June 14, 2011, the interim financial statements for the period that ended on 30/04/2011, as follows:

Current periods:


 

Item

3 months ended 30/04/2011

3 months ended 30/04/2010

Profit (Loss) (KWD)

(519.440)

208.312

EPS (LPS) (fils)

(2.16)

0.87

Total current assets

22.698.557

23.397.201

Total assets

56.682.939

67.755.350

Total current liabilities

44.265.199

42.384.426

Total liabilities

44.384.113

42.983.387

Total shareholders’ equity

12.298.826

24.771.963


Revenue and expenses of dealings with related parties totaled KWD 321.580 and KWD 28.244 respectively.

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