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MENAFN - Arab Times - 03/08/2010

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(MENAFN - Arab Times) Independent Petroleum Group Company (IPG) reported that the board of directors met on Aug 2, 2010 and adopted the financial statements for the half year ending June 30, 2010. For the three months ending June 30, 2010 IPG earned a profit of KD 634 thousand compared to a profit of KD 1.1 million earned during the same period of 2009.

Particulars (6 months June 30, June 30,
ending) 2010 2009
Profit (Loss) (KD) 2,213,946 2,632,826
EPS (LPS) (fils) 15.32 18.19
Total current assets 251,814,009 193,803,710
Total assets 303,799,015 236,614,313
Total current liabilities 229,969,760 172,098,905
Total liabilities 236,323,470 179,095,936
Total equity 67,475,545 57,518,377
The net profit includes total income worth KD 60,939,537 and total expenditure amounting to KD 60,939,537.

Kuwait Stock Exchange announced that the Board of Directors of the Kuwait Portland Cement Company (PCEM) met on Aug 2, 2010, and adopted the financial statements for the H1 periods ending June 30, 2010.
PCEM earned a profit of KD 4.7 million for the three months ending June 30, 2010 as compared to a profit of KD 8 million earned during the same period last year.
Particulars (6 months June 30, June 30,
ending) 2010 2009
Profit (Loss) (KD) 11,102,914 10,133,661
EPS (LPS) (fils) 134.4 122.6
Total current assets 41,938,720 42,927,363
Total assets 72,264,001 67,587,829
Total current liabilities 5,208,788 9,392,012
Total liabilities 7,076,520 11,630,831
Total equity 65,187,481 55,956,998
The net profit includes total expenditure amounting to KD 311,964.

Board of Directors of the Danah Al Safat Foodstuff Company (Danah) met on Aug 2, 2010, and adopted the financial statements for the half ending June 30, 2010.
For the three months ending June 30, 2010 Danah sustained a loss of KD 857 thousand as compared to a profit of KD 804 thousand earned during the same period last year.
Particulars (6 months June 30, June 30,
ending) 2010 2009
Profit (Loss) (KD) 1,446,005 383,943
EPS (LPS) (fils) 5.11 1.36
Total current assets 9,534,347 11,838,126
Total assets 46,774,009 48,554,890
Total current liabilities 2,420,106 2,415,453
Total liabilities 3,593,141 4,013,028
Total equity 42,955,782 44,298,752
The net profit includes total income worth KD 106,939 and total expenditure amounting to KD 105,147.

Board of directors of Injazzat Real Estate Development Company met on Aug 2, 2010 and adopted the financial statements for the first half year period ending June 30, 2010.
Injazzat earned KD 7 thousand for the three months ending June 30, 2010 compared to a profit of KD 1.2 million earned during the same period of 2009.
Particulars (6 months ending) June 30,2010 June 30,2009
Profit (Loss) (KD) 9,618 2,590,203
EPS (LPS) (fils) 0 7.5
Total current assets 19,153,668 22,981,742
Total assets 169,512,603 194,387,889
Total current liabilities 67,301,667 67,590,370
Total liabilities 109,244,655 111,233,508
Total equity 60,267,948 83,154,381
The net profit includes total income worth KD 40,491.

 






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