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Noor posts net profit of KD 3.25m in first quarter Al Ahleia Insurance earns KD 3.3m

KUWAIT CITY, May 13, (Agencies): Noor Financial Investment Company declared net profit attributable to owners of the parent company for the three months period ended on March 31, 2014 of KD 3.25 million and Earnings per Share (EPS) of 8.89 fils compared to the net profit of KD 1.44 million and EPS of 3.92 fils for the same period last year.

Al-Ahleia Insurance Company has announced KD 3.3 million ($11.7 million) in net profit for the first quarter of 2014 compared to KD 2.43 million ($8.6 million) for the same period last year.
Shareholders’ total equity amounted to KD 97 million ($344.6 million) for the three months ending in March against KD 90 million ($319.8 million) in the same period of 2013, the company said in an online release on Tuesday.
The company’s assets hit KD 164 million ($582.7 million), while liabilities reached KD 67 million for the same period, it added.
Established in 1962, Al-Ahleia Insurance Company is one of the leading insurance companies in the State of Kuwait and the Arab World.
The company was launched in response to the economic growth of the State of Kuwait following the discovery of oil and the drive to enter the international oil market.

Nafais Holding Company said it has gained profits worth KD 4 million in first quarter of 2014, with 9,73 fils of earnings per share (EPS), compared to profits of KD 1,53 million with 3,72 fils of (EPS) in the same time period last year.
The total shareholders equity reached KD 59,5 million for the first three months of 2014, against KD 51,6 million in the corresponding period of 2013, said the company in a statement on Kuwait Stock Exchange (KSE) website on Tuesday.
Moreover, the company’s total assets reached KD 85,9 million while the total liabilities hit KD 26,3 million, compared to KD 33,5 last year, said Nafais.
Nafais was established in 1984 and enlisted in (KSE) in 2005 with a paid-up capital of KD 42 million. The company aims to own shares in Kuwaiti and non-Kuwaiti companies, and shares in Kuwaiti and non-Kuwaiti limited liability companies and participating in the establishment of, lending to and managing of these companies and acting as a guarantor for them.
 

The Kuwait Stock Exchange Company announces that the Board of Directors of AL EID Food Company (AFCO). met on Thursday, 8/5/2014, and approved interim financial statements of the Company for the period ended 31/3/2014 as follows:
Particulars for 3 months ended March 31, 2014 and 3 months ended March 31, 2013
Profit (KD)    278,592    225,439
EPS (KF)    3.08    2.49
Total current assets    14,472,587    13,028,691
Total assets    15,230,102    13,916,207
Total current liabilities    3,752,934    3,094,882
Total liabilities    5,052,298    4,824,460
Total shareholders’ equity    10,177,804    9,091.747

The Kuwait Stock Exchange Company announces that the Board of Directors of Tameer Real Estate Investment Company, met on Thursday, 8/5/2014, and approved interim financial statements of the Company for the period ended 31/3/2014 as follows:
Particulars for 3 months ended March 31, 2014 and 3 months ended March 31, 2013
Profit (KD)    238,728    330,017
EPS (KF)    1.04    1.43
Total current assets     7,113,679    4,171,848
Total assets    29,534,312    32,204,966
Total current liabilities    2,926,928    2,702,874
Total liabilities    6,725,048    6,143,867
Total shareholders’ equity    22,242,173    25,561,766
The total revenue from
transactions with
related parties is worth    KD 0.000
The total expenses from
transactions with
related parties is worth    KD 46,725




 

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