Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Noor Posts Net Profit Of KD 9.05 Mln In '13  Join our daily free Newsletter

MENAFN - Arab Times - 29/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Noor Financial Investment Company declared its results for the year 2013 achieving a net profit of KD 9.05 million (Earnings per Share of 24.71fils)representing a growth of 100% compared to the net profit of KD 4.52 million (Earnings per Share of 12.34fils) last year. Abdullatif Al Asfour, Noor's Chairman and Managing Director, said that these results were achieved through the implementation of the Company's strategic plan. The company has repaidpart of its liabilities to the banks and reduced the debt over the past year in line with the approved restructuring plan. Al Asfour also declared that the company's board has proposed 10% bonus shares distribution on outstanding shares for the year 2013 subject to obtaining approval of the relevant authorities and the General Assembly of the company



The Kuwait Stock Exchange Company announces that the Board of Directors of National Real Estate Company met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31/12.2013 as follows

Particulars 31/12/2013 31/12/201

Profit (loss) (KD) 15,346,157 7,831,61

EPS (fils) 18.86 9.6

Total current assets 38,077,463 42,298,49

Total assets 522,031,570 512,652,93

Total current liabilities 163,627,013 114,987,74

Total liabilities 322,776,437 322,207,62

Total shareholders' equity 199,255,133 190,445,30

The total revenue from transactions with related parties is worth KD 916,671

The total expenses from transactions with related parties is worth KD 62,98

The Board of Directors has recommended the distribution of bonus shares of 5 percent of paid-up capital (5 shares for every 100 shares) for the year ended 31.12.201

Note that these recommendations are subject to approval by the General Assembly and the competent authorities





The Kuwait Stock Exchange Company announces that the Board of Directors ACICO Industries met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31.12.2013 as follows

Particulars 31/12/2013 31/12/201

Profit (loss) (KD) 6,413,542 2,641,38

EPS (fils) 25.88 10.6

Total current assets 21,915,291 22,440,11

Total assets 250, 378,266 242,445,23

Total current liabilities 20,557,402 20,218,93

Total liabilities 161,689,006 158,882,25

Total shareholders' equity 84,199,873 79,487,23

The total revenue from transactions with related parties is worth KD 0.00

The total expenses from transactions with related parties is worth KD 186,577

The Board of Directors has recommended distributions cash dividend of 10 percent of the nominal value of shares i.e. 10 fils per share and distribution of bonus shares of 5 percent of paid-up capital 5 shares for every 100 shares for the year ended 31.12.201

Note that these recommendations are subject to approval by the General Assembly and the competent authorities



The Kuwait Stock Exchange Company announces that the Board of Directors of Al-Argan International Real Estate Co. met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31.12.2013 as follows

Particulars 31/12/2013 31/12/201

Profit (loss) (KD) 3,864,390 4,378,37

EPS (fils) 15.08 17.0

Total current assets 40,496,904 32,281,16

Total assets 142,754,899 127,306,93

Total current liabilities 23,754,623 19,287,68

Total liabilities 71,648,887 58,200,21

Total shareholders' equity 71,106,012 69,106,72

The total revenue from transactions with related parties is worth KD 570,74

The total expenses from transactions with related parties is worth KD 437,607

The Board of Directors has recommended distributions of cash dividend of 7 percent of the nominal value of the shares i.e. 7 fils per share for the year ended 31.12.201

Note that these recommendations are subject to approval by the General Assembly and the competent authorities

 






  MENA News Headlines
 Aug 2 2014 - Arabtec profits up 11 percent in Q2MENAFN
(MENAFN) Arabtec, the UAE construction company, reported an 11 percent rise of its profit in the second quarter of 2014, The Peninsula Qatar reported.Net profit climbed to USD28.1 million in the ...

 Aug 2 2014 - Qatar's MPHC net profit hits USD246.8m in H1MENAFN
(MENAFN) Mesaieed Petrochemical Holding Company (MPHC) posted a net profit of USD 246.8million in the first half of the year, The Peninsula Qatar reported.The group consists of six companies, as all ...

 Aug 2 2014 - Alitalia sets date to finalize Etihad dealMENAFN
(MENAFN) According to the Italian transport minister, Alitalia Airline is due to finalize a tie-up deal with Abu Dhabi"s Etihad on Aug. 8, Arab News reported.Italy"s government is keen to sell a 49 ...

 Aug 2 2014 - Gulf Air launches 2 more weekly flights to KuwaitMENAFN
(MENAFN) Gulf Air has announced an increase in flights between Bahrain and Kuwait from 40 to 42 per week, Gulf Daily News reported.The Bahraini carrier said that the decision follows an increase in ...

 Aug 2 2014 - India hires 'monkey men' to combat macaque menaceArab News
(MENAFN - Arab News) W DELHI: India has hired a group of monkey impersonators to scare the real marauding animals away from Parliament and other key buildings in the nation's capital officials said ...

 Aug 2 2014 - 'Katy is a wonderful person' says ObamaArab News
(MENAFN - Arab News) SHINGTON: In what might be the ultimate seal of approval Barack Obama hailed Katy Perry as a 'wonderful person" reported Daily Mail.The US President hosted the 'Dark Horse" ...

 Aug 2 2014 - Whimsical TV movie is a massive hit on social mediaArab News
(MENAFN - Arab News) SHINGTON: Whimsical TV disaster movie 'Sharknado 2" reeled in 3.9 million viewers the Syfy specialty channel said recently one day after the sequel's broadcast.The followup to ...

 Aug 2 2014 - Disgraced star seeks to appeal convictionArab News
(MENAFN - Arab News) NDON: Jailed children's entertainer Rolf Harris has applied for permission to appeal against his convictions for a string of sex offenses in Britain judicial officials said ...

 Aug 2 2014 - Shahrukh is 'king' of BollywoodArab News
(MENAFN - Arab News) MBAI: Superstar Salman Khan who has been delivering hit films back-to-back feels his arch rival Shahrukh Khan is the 'King of Bollywood" reports The Hindu.Salman has become the ...

 Aug 2 2014 - Saving Private Smith: The real WWI story that beats HollywoodArab News
(MENAFN - Arab News) VING PRIVATE RYAN became a Hollywood classic with its heroic tale of how a World War II soldier was rescued from the front line after losing three of his brothers in action.But ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help