Strategia posts KD 108,000 net profit for Q1

19/05/2011 00:00 AST

Strategia Investment Company posted a net profit of 108,000 Kuwaiti dinars for the first quarter (Q1) 2011, compared to a KD 26,845 loss in the same period the year before, while earnings per share (EPS) came to 0.7 Kuwaiti fils compared to 0.6 fils loss the year before. After obtaining the approval from the Central Bank of Kuwait (CBK), the company posted a statement on the Kuwait Stock Exchange (KSE) website announcing its financial results for the first three months of the fiscal year, ending March 31, 2011. Strategia's profits improved significantly from the previous year, achieving KD 9.15 million in total current assets, compared to KD 3.79 million the year before, whereas total assets came to KD 22.53 million, almost doubling last year's figure of KD 11.43 million. The company's total current liabilities however witnessed minor changes, posting KD 6.94 million for the current Q1, a slight increase compared to the figure for Q1 of 2010, which was KD 6.76 million. Meanwhile, Strategia's total equity for Q1 of the fiscal year 2011 increase sharply over the year to more than triple last year's figure, achieving KD 15.59 million, compared to KD 4.67 million last year. According to the company's statement on the Kuwaiti bourse, Strategia has resumed trading in KSE starting yesterday (Wednesday May 18, 2011).


Al Watan

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

STRATEGIA Sector Market
P/E
Price/BookValue

Top Related Companies

Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap