Manazel board recommends FY11 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Manazel Holding Co., in a meeting held today, Wednesday, 21/03/2012, endorsed financial statements for FY that ended on 31/12/2011, as follows:
1) Financial results:
|
Item
|
FY ended 31/12/2011
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FY ended 31/12/2010
|
|
Profit (Loss)(KWD)
|
(11.245.092)
|
(4.912.445)
|
|
EPS (LPS) (fils)
|
(15.7)
|
(6.9)
|
|
Total current assets
|
5.563.305
|
8.121.420
|
|
Total assets
|
113.321.832
|
125.465.531
|
|
Total current liabilities
|
18.294.106
|
17.628.612
|
|
Total liabilities
|
66.069.076
|
64.733.550
|
|
Total shareholders' equity
|
37.130.177
|
50.053.992
|
Total expenses of dealings with related parties reached KWD 654.993, with no relevant revenue recorded.
- Proposed dividend:
The board recommended withholding FY11 dividend, pending the approval of shareholder meeting and competent authorities.
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