(MENAFN- Arab News) Noor Financial Investment Company declared its results for the year 2013 achieving a net profit of KD 9.05 million (Earnings per Share of 24.71fils)representing a growth of 100% compared to the net profit of KD 4.52 million (Earnings per Share of 12.34fils) last year. Abdullatif Al Asfour, Noor's Chairman and Managing Director, said that these results were achieved through the implementation of the Company's strategic plan. The company has repaidpart of its liabilities to the banks and reduced the debt over the past year in line with the approved restructuring plan. Al Asfour also declared that the company's board has proposed 10% bonus shares distribution on outstanding shares for the year 2013 subject to obtaining approval of the relevant authorities and the General Assembly of the company
The Kuwait Stock Exchange Company announces that the Board of Directors of National Real Estate Company met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31/12.2013 as follows
Particulars 31/12/2013 31/12/201
Profit (loss) (KD) 15,346,157 7,831,61
EPS (fils) 18.86 9.6
Total current assets 38,077,463 42,298,49
Total assets 522,031,570 512,652,93
Total current liabilities 163,627,013 114,987,74
Total liabilities 322,776,437 322,207,62
Total shareholders' equity 199,255,133 190,445,30
The total revenue from transactions with related parties is worth KD 916,671
The total expenses from transactions with related parties is worth KD 62,98
The Board of Directors has recommended the distribution of bonus shares of 5 percent of paid-up capital (5 shares for every 100 shares) for the year ended 31.12.201
Note that these recommendations are subject to approval by the General Assembly and the competent authorities
The Kuwait Stock Exchange Company announces that the Board of Directors ACICO Industries met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31.12.2013 as follows
Particulars 31/12/2013 31/12/201
Profit (loss) (KD) 6,413,542 2,641,38
EPS (fils) 25.88 10.6
Total current assets 21,915,291 22,440,11
Total assets 250, 378,266 242,445,23
Total current liabilities 20,557,402 20,218,93
Total liabilities 161,689,006 158,882,25
Total shareholders' equity 84,199,873 79,487,23
The total revenue from transactions with related parties is worth KD 0.00
The total expenses from transactions with related parties is worth KD 186,577
The Board of Directors has recommended distributions cash dividend of 10 percent of the nominal value of shares i.e. 10 fils per share and distribution of bonus shares of 5 percent of paid-up capital 5 shares for every 100 shares for the year ended 31.12.201
Note that these recommendations are subject to approval by the General Assembly and the competent authorities
The Kuwait Stock Exchange Company announces that the Board of Directors of Al-Argan International Real Estate Co. met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31.12.2013 as follows
Particulars 31/12/2013 31/12/201
Profit (loss) (KD) 3,864,390 4,378,37
EPS (fils) 15.08 17.0
Total current assets 40,496,904 32,281,16
Total assets 142,754,899 127,306,93
Total current liabilities 23,754,623 19,287,68
Total liabilities 71,648,887 58,200,21
Total shareholders' equity 71,106,012 69,106,72
The total revenue from transactions with related parties is worth KD 570,74
The total expenses from transactions with related parties is worth KD 437,607
The Board of Directors has recommended distributions of cash dividend of 7 percent of the nominal value of the shares i.e. 7 fils per share for the year ended 31.12.201
Note that these recommendations are subject to approval by the General Assembly and the competent authorities
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.