News Column

Nafais Holding Co. nets KD 4 mln in Q1/2014

May 13, 2014

KUWAIT, May 13 (KUNA) -- 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.(end)

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Source: Kuwait News Agency

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