Al Shamel posts KD 1.13 mln profit in '12

02/03/2013 09:46 AST

Board of Directors of Al-Shamel International Holding Company (Al-Shamel) met on Feb 12, 2013 and adopted the annual financial statements of the company for the year ending Dec 31, 2012.

Particulars Dec 31, 2012 Dec 31, 2011

Profit (Loss) (KD) 1,137,707 1,200,680
Earnings per share (fils) 16.9 17.9
Total current assets 11,164,921 12,818,676
Total assets 12,042,617 14,003,188
Total current liabilities 1,881,802 4,051,122
Total liabilities 2,451,665 4,579,917
Total shareholders' equity 9,590,952 9,432,271

The Board of Directors of the company recommended cash dividends of 14.88% of the nominal value of the shares 14.88 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.


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