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Kuwait- KAMCO posts KD 2.90 mln loss in H1  Join our daily free Newsletter

MENAFN - Arab Times - 15/08/2012

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(MENAFN - Arab Times) KIPCO Asset Management Company (KAMCO) obtained the approval of the Capital Market Authority on its interim financial statements for the H1 period ending June 30, 2012, dated Aug 12, 2012.
KAMCO reported a loss of KD 3,304,441 for the three months ending June 30, 2012 as compared to a profit of KD 229,385 earned during the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) (2,902,183) 443,838
Earnings per share (fils) (12.14) 1.86
Total current assets 35,414,333 29,960,428
Total assets 109,578,791 154,084,856
Total current liabilities 32,441,373 18,238,429
Total liabilities 69,191,373 65,804,003
Total shareholders' equity 39,656,935 87,553,567
The total revenue from transactions with related parties is worth KD 2,092,376. Total expenses from transactions with parties amounts to KD 1,401,332.

Kuwait Stock Exchange announced that the Board of Directors of Arab Insurance Group Company (ARIG) met on Aug 12, 2012, and adopted the interim financial statements for the periods ending June 30, 2012.
For the three months ending June 30, 2012, ARIG reported a loss of USD 1,746,000 which is equivalent to KD 476,000 as compared to a loss of USD 4,761,000 (KD 1,310,000) for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (USD) 3,802,000 (4,116,000)
Earnings per share (cent) 0.02 (0.02)
Profit (KD) 1,065,000 (1,131,000)
Earnings per share (fils) 6 (5)
Total current assets (USD) 778,832,000 830,006,000
Total current assets (KD) 218,260,000 228,110,000
Total assets(USD) 1,059,624,000 1,139,070,000
Total assets(KD) 296,949,000 313,051,000
Total current liabilities(USD) 509,484,000 535,222,000
Total current liabilities(KD) 142,778,000 147,095,000
Total liabilities(USD) 825,180,000 895,612,000
Total liabilities(KD) 231,248,000 246,141,000
Total shareholders' equity(USD) 234,444,000 243,458,000
Total shareholders'
equity(KD) 65,701,000 66,910,000
Total expenses from transactions with parties amounts to KD 330,000.

Board of Directors of Manzel Holding Co (Manazel) met on Aug 13, 2012 and approved the interim financial statements for the first half period ending June 30, 201.
Manazel reported a loss of KD 402,641 for the three months ending June 30, 2012 as compared to a loss of KD 728,657 during the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) (1,142,646) (1,618,492)
Earnings per share (fils) (1.6) (2.26)
Total current assets 5,489,314 5,435,414
Total assets 113,783,287 121,722,969
Total current liabilities 27,815,984 27,801,573
Total liabilities 67,981,517 65,275,970
Total shareholders' equity 35,722,837 46,324,382
Total expenses from transactions with parties amounts to KD 512,379.

Kuwait Stock Exchange announced that the Board of Directors of Abyaar Real Estate Development Company (Abyaar) met on Aug 12, 2012, and adopted the interim financial statements for the periods ending June 30, 2012, according to the following:
For the three months ending June 30, 2012, Abyaar reported a profit of KD 245,448 as compared to a profit of KD 2,541,562 for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) (701,579) 1,668,847
Earnings per share (fils) (0.65) 1.59
Total current assets 35,403,891 132,579,305
Total assets 204,192,944 258,524,802
Total current liabilities 86,528,549 121,219,525
Total liabilities 98,861,215 157,975,078
Total shareholders' equity 105,331,729 100,549,724.

Aqar Real Estate Investment Company's (Aqar) Board of Directors met on Aug 13, 2012 and approved the interim financial statements for the H1 period ending June 30, 2012.
For the three months ending June 30, 2012, Aqar earned a profit of KD 603,206 as compared to a loss of KD 696,386 for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) 596,550 (623,876)
Earnings per share (fils) 2.59 (2.7)
Total current assets 3,891,175 1,610,144
Total assets 22,810,048 27,511,237
Total current liabilities 640,984 807,894
Total liabilities 645,083 3,619,339
Total shareholders' equity 22,139,046 23,844,189
The total revenue from transactions with related parties is worth KD 20,199.
Total expenses from transactions with parties amounts to KD 804.

Board of Directors of Taiba Kuwaiti Holding Co (Taiba) met on Aug 13, 2012 and approved the interim financial statements for the first half period ending June 30, 2012.
Taiba reported a loss of KD 479,332 for the three months ending June 30, 2012 as compared to a profit of KD 1,814,265 earned during the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) 1,412,032 2,478,434
Earnings per share (fils) 7.8 13.8
Total current assets 6,370,020 8,700,158
Total assets 19,432,632 21,497,507
Total current liabilities 100,551 2,632,730
Total liabilities 100,551 2,632,730
Total shareholders' equity 19,332,081 18,864,777
The total revenue from transactions with related parties is worth KD 99,682.

Sokouk Holding Company reported that the Board of Directors met on Aug 13, 2012 and approved the interim financial statements for the H1 period ending June 30, 2012.
For the three months ending June 30, 2012, Sokouk incurred a loss of KD 176,764 as compared to a loss of KD 694,074 for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) (286,087) (2,099,393)
Earnings per share (fils) (0.53) (3.90)
Total current assets 15,243,101 37,893,579
Total assets 71,249,809 73,784,274
Total current liabilities 9,530,019 8,487,441
Total liabilities 18,002,579 11,330,660
Total shareholders' equity 52,705,042 61,437,787
The total revenue from transactions with related parties is worth KD 227,797
Total expenses from transactions with parties amounts to KD 170,358

Kuwait Stock Exchange announced that the Board of Directors of Automated Systems Company (ASC) met on Aug 13, 2012, and adopted the interim financial statements for the periods ending June 30, 2012.
Continued on Page 33
For the three months ending June 30, 2012, ASC reported a profit of KD 305,403 as compared to a profit of KD 222,339 for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) 3,705,298 422,812
Earnings per share (fils) 92.54 10.56
Total current assets 12,164,819 9,102,437
Total assets 12,828,855 9,838,059
Total current liabilities 1,007,930 879,511
Total liabilities 1,490,620 1,322,814
Total shareholders' equity 11,338,235 8,515,245
The total revenue from transactions with related parties is worth KD 95,711
Total expenses from transactions with parties amounts to KD 54,840

National Consumer Industries Company (NCIC) reported that the Board of Directors met on Aug 13, 2012 and approved the interim financial statements for the H1 period ending June 30, 2012.
For the three months ending June 30, 2012, the company sustained a loss of KD 8,915 as compared to a loss of KD 537,416 for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) (11,310) (578,718)
Earnings per share (fils) (0.13) (6.430)
Total current assets 4,887,245 4,851,510
Total assets 7,908,534 8,802,390
Total current liabilities 722,475 354,413
Total liabilities 768,882 404,799
Total shareholders' equity 7,139,652 8,397,591

Board of Directors of Al Hayat Communications Co. (Hayat) met on Aug 13, 2012 and approved the interim financial statements for the first half period ending June 30, 2012.
Al-Mudon reported a loss of KD 114,532 for the three months ending June 30, 2012 as compared to a loss of KD 52,954 incurred during the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) (424,973) (993,552)
Earnings per share (fils) (4.72) (10.79)
Total current assets 17,023,193 18,678,555
Total assets 19,461,729 21,172,680
Total current liabilities 7,064,308 7,984,528
Total liabilities 10,022,221 11,173,476
Total shareholders' equity 9,274,139 9,679,382

Metal and Recycling Company reported that the Board of Directors met on Aug 12, 2012 and approved the interim financial statements for the H1 period ending June 30, 2012.
For the three months ending June 30, 2012, MRC earned a profit of KD 42,421 as compared to a loss of KD 13,802 for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) 104,593 206,127
Earnings per share (fils) 1.39 2.74
Total current assets 13,792,961 14,223,526
Total assets 23,425,797 24,784,942
Total current liabilities 2,557,502 3,689,883
Total liabilities 2,810,439 3,931,274
Total shareholders' equity 18,989,897 19,492,949
Total expenses from transactions with parties amounts to KD 186,183

Contracting and Marine Services Company reported that the Board of Directors met on Aug 13, 2012 and approved the interim financial statements for the H1 period ending June 30, 2012.
For the three months ending June 30, 2012, the company earned profit of KD 177,152, as compared to a profit of KD 69,742 for the same period ending 2011.
Particulars June 30, June 30,
(6 months ending) 2012 2011
Profit (KD) 381,957 448,632
Earnings per share (fils) 1.84 2.16
Total current assets 28,428,196 34,871,848
Total assets 174,680,314 189,722,718
Total current liabilities 36,633,131 45,317,684
Total liabilities 89,738,869 107,187,092
Total shareholders' equity 43,152,637 41,486,640

 






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