Al-Safat Energy logs KWD 1 mln losses in 6 months till 30/06/2011
Kuwait Stock Exchange (KSE) announces that the board of Al-Safat Energy Holding Co., in a meeting held on Thursday, 11/08/2011, endorsed the interim financial statements for the fiscal periods that ended on 30/06/2011 as follows:
1) Current periods:
| Item
|
3 months ended 30/06/2011
|
6 months ended 30/06/2011
|
| Profit (Loss) (KWD)
|
(1,120,370)
|
(1,064,519)
|
| EPS (LPS) (fils)
|
(1.86)
|
(1.77)
|
| Total current assets
|
-
|
13,628,386
|
| Total assets
|
-
|
76,293,740
|
| Total current liabilities
|
-
|
9,063,885
|
| -
|
9,676,851
|
|
| Total shareholders’ equity
|
-
|
57,483,236
|
Total expenses of dealings with related parties reached KWD 95,661, with no relevant revenue recorded.
2) Comparative periods:
| Item
|
3 months ended 30/06/2010
|
6 months ended 30/06/2010
|
| Profit (Loss) (KWD)
|
(1,833,150)
|
(1,577,518)
|
| EPS (LPS) (fils)
|
(3.04)
|
(2.62)
|
| Total current assets
|
-
|
15,323,912
|
| Total assets
|
-
|
78,610,799
|
| Total current liabilities
|
-
|
8,704,704
|
| Total liabilities
|
-
|
9,065,030
|
| Total shareholders’ equity
|
-
|
60,364,427
|
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