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Kuwait Cement Co records KD 2.42 million profit in Q3  Join our daily free Newsletter

MENAFN - Arab Times - 13/11/2012

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(MENAFN - Arab Times) Board of Kuwait Cement Company (KCEM) met on Nov 12, 2012 and approved the interim financial statements for the period ending Sep 30, 2012. KCEM reported a profit of KD 2,428,116 for the three months ending Sep 30, 2012 as compared to a profit of KD 3,019,136 earned during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 11,266,301 11,706,465
Earnings per share (fils) 18.25 18.93
Total current assets 56,630,029 52,262,046
Total assets 276,903,176 240,054,807
Total current liabilities 39,365,701 37,299,850
Total liabilities 128,371,288 100,854,506
Total shareholders' equity 148,531,888 139,200,301
Total revenue from transactions with related parties is worth KD 3,569,907.
Total expenses from transactions with related parties amounts to KD 605,700.

Board of Kuwait Portland Cement Company (Portland) met on Nov 12, 2012 and approved the interim financial statements for the period ending Sep 30, 2012. Portland earned a profit of KD 1,670,671 for the three months ending Sep 30, 2012 as compared to a loss of KD 598,542 incurred during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 6,414,466 510,517
Earnings per share (fils) 70.56 5.6
Total current assets 53,154,102 47,650,678
Total assets 71,654,970 68,535,886
Total current liabilities 8,345,430 5,378,600
Total liabilities 9,385,569 6,308,344
Total shareholders' equity 62,269,401 62,227,542
Total expenses from transactions with related parties amounts to KD 134,169.

Noor Financial Investment Company (Noor) has received approval from the Capital Markets Authority on the interim financial statements for the Q3 - 2012, dated Nov 11, 2012.
Noor reported a profit of KD 1,733,177 for the three months ending Sep 30, 2012 as compared to a loss of KD 9,162,071 incurred during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 3,195,934 (14,061,519)
Earnings per share (fils) 9 (38)
Total current assets 86,839,803 107,525,642
Total assets 219,814,627 248,645,991
Total current liabilities 59,624,476 129,149,959
Total liabilities 157,099,274 185,648,031
Total shareholders' equity 36,675,838 35,665,396
Total revenue from transactions with related parties is worth KD 863,060.
Total expenses from transactions with related parties amounts to KD 190,816.

Board of Directors of Kout Food Group Company met on Nov 12, 2012 and approved the interim financial statements for the Q3 of 2012.
The company reported a profit of KD 356,885 for the three months ending Sep 30, 2012 as compared to a profit of KD 986,782 earned during the same period ending 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 2,259,144 2,957,107
Earnings per share (fils) 31 40
Total current assets 14,671,334 12,123,228
Total assets 43,330,525 40,292,217
Total current liabilities 11,761,983 10,728,123
Total liabilities 14,330,852 12,854,641
Total shareholders' equity 29,282,268 27,686,229

Board of Directors of Nafais Holding Company (Nafais) met on Nov 12, 2012 and approved the interim financial statements for the Q3 of 2012.
Nafais reported a profit of KD 766,898 for the three months ending Sep 30, 2012 as compared to a loss of KD 1,357,892 incurred during the same period ending 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 1,854,229 4,860,816
Earnings per share (fils) 4.47 8.72
Total current assets 10,294,729 8,310,452
Total assets 75,998,917 79,376,652
Total current liabilities 16,649,411 27,399,164
Total liabilities 26,614,517 30,025,363
Total shareholders' equity 49,299,016 49,258,500
Total revenue from transactions with related parties is worth KD 878,932.
Total expenses from transactions with related parties amounts to KD 377,591.

Kuwait Stock Exchange announced that the Soor Fuel Marketing Company (Soor) reported that the Board of Directors met on Nov 12, 2012 and approved the interim financial statements for the Q3 - 2012.
Soor reported a profit of KD 639,370 for the three months ending Sep 30, 2012 as compared to a profit of KD 938,824 during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 3,446,523 3,541,625
Earnings per share (fils) 10.45 10.74
Total current assets 23,450,588 20,235,672
Total assets 59,510,821 54,390,796
Total current liabilities 13,087,508 10,173,476
Total liabilities 13,283,028 11,995,087
Total shareholders' equity 46,227,793 42,395,709
Total expenses from transactions with related parties amounts to KD 58,681,547.

Privatization Holding Company (Privatization) received approval from the Board of Directors on the interim financial statements for the period ending Sep 30, 2012, dated Nov 12, 2012.
Privatization reported a profit of KD 3,283,078 for the three months ending Sep 30, 2012 as compared to a loss of KD 975,653 during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 3,554,037 3,373,112
Earnings per share (fils) 4.9 4.6
Total current assets 49,423,141 128,227,189
Total assets 171,889,925 222,624,143
Total current liabilities 47,684,444 114,057,882
Total liabilities 63,171,864 121,267,198
Total shareholders' equity 108,430,071 100,615,805
Total revenue from transactions with related parties is worth KD 3,567,689.
Total expenses from transactions with related parties amounts to KD 37,437.

Board of Directors of ACICO Industries (ACICO) met on Nov 12, 2012 and approved the interim financial statements for the Q3 of 2012.
ACICO reported a profit of KD 26,306 for the three months ending Sep 30, 2012 as compared to a profit of KD 64,467 earned during the same period ending 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 2,333,808 1,540,986
Earnings per share (fils) 9.42 6.22
Total current assets 26,620,785 19,303,356
Total assets 247,499,045 239,775,965
Total current liabilities 26,654,853 32,622,144
Total liabilities 164,381,910 158,119,348
Total shareholders' equity 79,176,109 77,205,163
Total revenue from transactions with related parties is worth KD (35,051).
Total expenses from transactions with related parties amounts to KD (673,893).

IFA Hotels & Resorts Company (IFAHR) has received approval from the Board of Directors on the interim financial statements for the Q3 - 2012, dated Nov 12, 2012.
IFAHR reported a profit of KD 2,236,553 for the three months ending Sep 30, 2012 as compared to a loss of KD 3,505,750 incurred during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) (4,042,007) 1,664,540
Earnings per share (fils) (9.37) 3.86
Total current assets 99,636,340 117,472,745
Total assets 397,863,259 379,963,182
Total current liabilities 147,284,318 155,201,911
Total liabilities 355,715,557 331,746,677
Total shareholders' equity 43,118,836 48,088,505
Total revenue from transactions with related parties is worth KD 407,637.
Total expenses from transactions with related parties amounts to KD 664,447.

Kuwait Stock Exchange announced that the Shuaiba Industrial Company (PAPER) reported that the Board of Directors approved the interim financial statements for the Q3 - 2012.
The company reported a profit of KD 245,330 for the three months ending Sep 30, 2012 as compared to a loss of KD 226,994 during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) 913,560 723,139
Earnings per share (fils) 15.22 12.05
Total current assets 6,862,263 6,481,344
Total assets 18,334,199 17,398,165
Total current liabilities 1,810,325 2,528,224
Total liabilities 2,889,977 3,271,494
Total shareholders' equity 15,444,222 14,126,671

Kuwait Stock Exchange announced that the Sanam Real Estate Company (Sanam) reported that the Board of Directors approved the interim financial statements for the Q3 - 2012.
Sanam reported a loss of KD 67,982 for the three months ending Sep 30, 2012 as compared to a loss of KD 240,442 during the three months ending Sep 30, 2011.

Particulars
(9 months ending) Sep 30, '12 Sep 30, '11
Profit (Loss) (KD) (175,322) (370,998)
Earnings per share (fils) (1.44) (3.05)
Total current assets 1,720,530 2843512
Total assets 11,584,474 14,095,980
Total current liabilities 445,630 1,764,699
Total liabilities 467,125 1,785,091
Total shareholders' equity 11,117,349 12,310,889

 






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