Friday, 15 December 2017 12:20 GMT
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Kuwait- Noor posts net profit of KD 3.25m in first quarter

(MENAFN - Arab Times) Kuwait city may 13 (agencies): noor financial investment company declared net profit attributable to owners of the parent company for the three months period ended on march 31 2014 of kd 3.25 million and earnings per share (eps) of 8.89 fils compared to the net profit of kd 1.44 million and eps of 3.92 fils for the same period last year.



al-ahleia insurance company has announced kd 3.3 million ($11.7 million) in net profit for the first quarter of 2014 compared to kd 2.43 million ($8.6 million) for the same period last year.

shareholders' total equity amounted to kd 97 million ($344.6 million) for the three months ending in march against kd 90 million ($319.8 million) in the same period of 2013 the company said in an online release on tuesday.

the company's assets hit kd 164 million ($582.7 million) while liabilities reached kd 67 million for the same period it added.

established in 1962 al-ahleia insurance company is one of the leading insurance companies in the state of kuwait and the arab world.

the company was launched in response to the economic growth of the state of kuwait following the discovery of oil and the drive to enter the international oil market.



nafais holding company said it has gained profits worth kd 4 million in first quarter of 2014 with 973 fils of earnings per share (eps) compared to profits of kd 153 million with 372 fils of (eps) in the same time period last year.

the total shareholders equity reached kd 595 million for the first three months of 2014 against kd 516 million in the corresponding period of 2013 said the company in a statement on kuwait stock exchange (kse) website on tuesday.

moreover the company's total assets reached kd 859 million while the total liabilities hit kd 263 million compared to kd 335 last year said nafais.

nafais was established in 1984 and enlisted in (kse) in 2005 with a paid-up capital of kd 42 million. the company aims to own shares in kuwaiti and non-kuwaiti companies and shares in kuwaiti and non-kuwaiti limited liability companies and participating in the establishment of lending to and managing of these companies and acting as a guarantor for them.

 

the kuwait stock exchange company announces that the board of directors of al eid food company (afco). met on thursday 8/5/2014 and approved interim financial statements of the company for the period ended 31/3/2014 as follows:

particulars for 3 months ended march 31 2014 and 3 months ended march 31 2013

profit (kd)    278592    225439

eps (kf)    3.08    2.49

total current assets    14472587    13028691

total assets    15230102    13916207

total current liabilities    3752934    3094882

total liabilities    5052298    4824460

total shareholders' equity    10177804    9091.747



the kuwait stock exchange company announces that the board of directors of tameer real estate investment company met on thursday 8/5/2014 and approved interim financial statements of the company for the period ended 31/3/2014 as follows:

particulars for 3 months ended march 31 2014 and 3 months ended march 31 2013

profit (kd)    238728    330017

eps (kf)    1.04    1.43

total current assets     7113679    4171848

total assets    29534312    32204966

total current liabilities    2926928    2702874

total liabilities    6725048    6143867

total shareholders' equity    22242173    25561766

the total revenue from

transactions with

related parties is worth    kd 0.000

the total expenses from

transactions with

related parties is worth    kd 46725









 


Kuwait- Noor posts net profit of KD 3.25m in first quarter

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