Iskan posts KWD 4.4 mln profit for 9 months
Kuwait Stock Exchange (KSE) announces that Housing Finance Co. (Iskan) obtained the approval of the Capital Market Authority (CMA) yesterday, Monday, 16/01/2012, on its interim financial statements for the periods that ended on 30/11/2011, as follows:
1- Current periods:
| Item |
3 months till 30/09/11 |
9 months till 30/09/11 |
| Profit (Loss) (KWD) |
(1.514.932) |
(4.490.268) |
| EPS (LPS) (fils) |
(5.17) |
(15.32) |
| Total current assets |
- |
59.481.888 |
| Total assets |
- |
145.597.127 |
| Total current liabilities |
- |
65.437.353 |
| Total liabilities |
- |
131.233.576 |
| Total shareholders’ equity |
- |
14.363.551 |
Expenses of dealings with related parties totaled KWD 2.919.899, with no relevant revenue recorded.
2- Comparative periods:
| Item |
3 months till 30/09/10 |
9 months till 30/09/10 |
| Profit (KWD) |
38.595 |
86.869 |
| EPS (fils) |
0.13 |
0.30 |
| Total current assets |
- |
54.289.141 |
| Total assets |
- |
193.259.256 |
| Total current liabilities |
- |
64.120.658 |
| Total liabilities |
- |
155.287.847 |
| Total shareholders’ equity |
- |
22.160.402 |
Accordingly, the stock will resume trading as of today, Tuesday, 17/01/2012.
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