Kuwait Cement Co records KD 2.42 million profit in Q3 Portland earns KD 6.41m in first nine months

KUWAIT CITY, Nov 12: 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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