Cinescape board recommends 40% dividend payout for FY10
Kuwait Stock Exchange (KSE) announces that the board of Kuwait National Cinema Co. (Cinsescape), in its meeting held today, Thursday, 10/03/2011, endorsed financial statements for the FY that ended on 31/12/2010, as follows:
1- Financial statements:
| Item
|
FY ended 31/12/10
|
FY ended 31/12/09
|
| Profit (KWD)
|
5.016.833
|
2.990.852
|
| EPS (fils)
|
50.21
|
29.93
|
| Total current assets
|
14.784.603
|
18.147.905
|
| Total assets
|
69.844.570
|
69.320.281
|
| Total current liabilities
|
24.487.893
|
25.082.875
|
| Total liabilities
|
25.157.658
|
25.628.600
|
| Total shareholders’ equity
|
44.686.912
|
43.691.681
|
Revenue and expenses of dealings with related parties totaled KWD 1.543.745 and KWD 288.460 respectively.
2- Proposed dividend:
The board recommended paying cash dividend at 40% of par value, or 40 fils a share for FY10. Shareholders of record on the meeting date are entitled to this dividend. This proposal is subject to the approval of shareholder meeting and competent authorities.
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