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Combined Group makes KWD 4.3 mln in 6 months till 30/06/2011

CGC CGC`R 1.02% 692.00 7.00

Kuwait Stock Exchange (KSE) announces that the board of Combined Group Contracting Co. (CGC), in a meeting held on Saturday, 13/08/2011, endorsed 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 (KWD)

1,379,534

4,340,214

EPS (fils)

14.29

44.96

Total current assets

-

124,117,905

Total assets

-

140,483,344

Total current liabilities

-

81,268,204

Total liabilities

-

105,768,769

Total shareholders’ equity

-

34,714,575


 

Total expenses of dealings with related parties reached KWD 372,681, with no relevant revenue recorded.

2) Comparative periods:

Item

3 months ended 30/06/2010

6 months ended 30/06/2010

Profit (KWD)

2,134,366

4,534,730

EPS (fils)

22.13

47.09

Total current assets

-

101,335,552

Total assets

-

116,432,666

Total current liabilities

-

58,951,810

Total liabilities

-

84,331,516

Total shareholders’ equity

-

32,101,150

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