Saftec board proposes FY11 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Al-Safat Tec Holding (Saftec) endorsed today, Thursday, 29/03/2012, financial statements for the fiscal year that ended on 31/12/2011, as follows:
1) Financial statements:
| Item |
FY ended 31/12/2011 |
FY ended 31/12/2010 |
| Profit (Loss) (KWD) |
(6.606.293) |
(2.750.868) |
| EPS (LPS) (fils) |
(16.52) |
(6.88) |
| Total current assets |
26.737.662 |
34.341.316 |
| Total assets |
56.684.838 |
61.298.598 |
| Total current liabilities |
14.498.147 |
15.071.738 |
| Total liabilities |
21.446.130 |
19.079.059 |
| Total shareholders' equity |
34.696.710 |
41.487.211 |
Expenses of dealings with related parties totaled KWD 53.809, with no relevant revenue recorded.
2) Proposed dividend:
The board recommended withholding FY11 dividend, pending the approval of shareholder meeting and competent authorities.
Comments