KUWAIT CITY, Feb 17: The Board of Directors approved Kuwait Medical Services Company’s interim financial statements of the company for the nine months ending Dec 31, 2012. The company reported a profit of KD 16,960 for the three months ending Dec 31, 2012 compared to a profit of KD 61,406 earned during the same period of 2011.

Particulars
(9 months ending)    Dec 31, ’12    Dec 31, ’11
Profit (Loss) (KD)     32,998    139,208
Earnings per share (fils)     0.43    1.83
Total current assets     712,326    684,208
Total assets     20,240,462    18,868,023
Total current liabilities     6,329,595    5,007,881
Total liabilities     8,307,685    6,968,244
T. shareholders’ equity     11,932,777    11,899,779
The total revenue from transactions is worth KD 47,686.

Kuwait Stock Exchange announced that the Board of Directors approved Ikarus Petroleum Industries Company (Ikarus) annual financial statements of the company for the year ending Dec 31, 2012, dated Feb 14, 2013.

Particulars
(9 months ending)    Dec 31, ’12    Dec 31, ’11
Profit (Loss) (KD)     8,948,756    8,411,527
Earnings per share (fils)     11.24    11.99
Total current assets     20,624,102    13,102,799
Total assets     170,201,858    182,243,004
Total current liabilities     38,288,202    33,121,892
Total liabilities     38,288,202    33,121,892
T. shareholders’ equity     131,913,656    149,121,112
The total revenue from transactions is worth KD 246,781 and total expenses from transactions with related parties amounting to KD 212,380.
The Board of Directors of the company recommended distribution cash dividends of 12% of the nominal value of the shares 12 fils per share for the fiscal year ending Dec 31, 2012.
Note that these recommendations are subject to approval by the shareholders and the competent authorities.
 

Al Maidan Dental Clinic Company’s (Al Maidan) Board of Directors approved financial statements of the company for the nine months ending Dec 31, 2012, dated Feb 14, 2013.
Al Maidan reported a loss of KD 194,861 for the three months ending Dec 31, 2012 compared to a loss of KD 886,767 incurred during the same period of 2011.
Particulars
(9 months ending)    Dec 31, ’12    Dec 31, ’11
Profit (Loss) (KD)     (1,684,120)    (3,126,435)
Earnings per share (fils)     (11.23)    (20.85)
Total current assets     6,666,211    5,394,919
Total assets     37,877,085    39,688,226
Total current liabilities     32,527,643    30,898,099
Total liabilities     34,000,432    33,162,654
T.shareholders’ equity     3,876,653     6,525,572
The total revenue from transactions is worth
KD 152,595.
Total expenses from transactions amounts to         KD 1,514,134.
 

Board of Directors of Portland Cement Company (Portland) met on Feb 14, 2013 and adopted the annual financial statements of the company for the year ending Dec 31, 2012.
Particulars
(9 months ending)    Dec 31, ’12    Dec 31, ’11
Profit (Loss) (KD)     7,284,641    2,537,648
Earnings per share (fils)     80.13    27.92
Total current assets     54,430,989    47,962,879
Total assets     72,148,703    68,162,985
Total current liabilities     7,455,503    3,754,765
Total liabilities     8,522,607    4,696,718
T. shareholders’ equity     63,626,096    63,466,267
The total expenses from transactions with related parties amounting to KD 490,557.
The Board of Directors of the company recommended cash dividends of 80% of the nominal value of the shares 80 fils per share for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.
 

Board of Directors of Kuwait Gypsum Manufacturing and Trading Company (Gypsum) met on Feb 14, 2013 and adopted the annual financial statements of the company for the year ending Dec 31, 2012.
Particulars
(9 months ending)    Dec 31, ’12    Dec 31, ’11
Profit (Loss) (KD)     321,779    203,358
Earnings per share (fils)     10.8    6.8
Total current assets     1,595,565    1,628,809
Total assets     5,597,243    5,801,303
Total current liabilities     500,324    572,994
Total liabilities     840 846    1,156,319
Total shareholders’ equity     4,756,397    4,644,984
The Board of Directors of the company recommended cash dividends of 10% of the nominal value of the shares 10 fils per share for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.