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Kuwait Food Co records net profit of KD 50.5 mn in 2013 Gulf Cable earns KD 9.96 mln last year

 KUWAIT CITY, March 6: The Kuwait Stock Exchange announces that the Board of Directors of Kuwait Food Co met on Wednesday 5/3/2014, and approved the annual financial statements of the company for the year ending 31/12/2013 as follows:

Particulars 31/12/2013 31/12/2012
Profit (loss)(KD) 50,598,000 45,903,000
EPS (fils) 129 117
Total current assets 296,613,000 244,185,000
Total assets 646,095,000 602,980,000
Total current liabilities 210,420,000 192,243,000
Total liabilities 269,753,000 252,097,000
Total shareholders’ 
equity 335,543,000 313,355,000
The total revenue from transactions 
with related parties is worth KD 200,000
The total expenses from transactions 
with related parties is worth KD 69,000
The Board of Directors recommended distribution of cash dividend of 85 per cent of the nominal value of shares i.e. 85 fils per share.
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 the Gulf Cable and Electrical Industries Co. met on Wednesday 5/3/2014, and approved the annual financial statements of the company for the year ending 31/12/2013 as follows:
Particulars 31/12/2013 31/12/2012
Profit (loss)(KD) 9,965,482 11, 418,560
EPS (fils) 47 54
Total current assets 81,396,379 72,246,378
Total assets 225,962,042 230,804,808
Total current liabilities 54,918,121 35,768,774
Total liabilities 77,006,963 70,546,745
Total shareholders’ equity 148,459,854 159,800,551
The total revenue from transactions 
with related parties is worth KD 2,237,018
The total expenses from transactions 
with related parties is worth KD 27,084
The Board of Directors has recommended the distribution of cash dividend 30 per cent of the nominal value of shares i.e. 30 fils per share for the financial year ending Dec 31, 2013.
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 Al Ahleia Insurance Company met on Wednesday 5/3/2014 and approved the annual financial statements of the company for the year ending 31/12/2013 as follows:
Particulars 31/12/2013 31/12/2012
Profit (loss)(KD) 9,506,097 8,499,070
EPS (fils) 48.54 43.43
Total current assets 64,794,917 65,466,681
Total assets 159,346,245 158,927.115
Total current liabilities 15,662,899 22,572,789
Total liabilities 67,048,984 72,149,048
Total shareholders’ equity 92,297,261 86,778,067
The total revenue from transactions 
with related parties is worth KD 4,000,000 
The total expenses from transactions 
with related parties is worth KD 1,638,298 
The Board of Directors recommended distribution of cash dividend of 32 percent of the nominal value of shares i.e. 32 fils per share for the financial year ending Dec 31, 2013.
Note that these recommendations are subject to approval by the General Assembly and the competent authorities.
 

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