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National Industries Group (NIG) Board of Directors recommended a non-distribution of profits for the financial year ended 31/12/2008 |
National Industries Group announced that the Board of Directors met on Tuesday 31/03/2009 and approved the financial results of the company for the financial year ended 31/12/2008. In accordance the results of the Company are as follows: | Year | 31/12/2008 | 31/12/2007 | | Profit (loss) KD | (281,963,000) | 209,364,000 | | Profit (loss) per share (Kuwaiti fils) | (224) | 167 | | Total assets traded | 723,681,000 | 981,953,000 | | Total assets | 1,733,150,000 | 2,159,593,000 | | Total liabilities traded | 901,819,000 | 682,826,000 | | Total liabilities | 1,247,353,000 | 1,029,176,000 | | Total shareholders’ equity | 485,797,000 | 1,130,417,000 | | Total income from transactions with related parties | 12,657,000 | | | Total expenses from transactions with related parties | 5,860,000 | |
Proposed dividend:
The Board of Directors of the company recommended non-distribution of profits for the financial year ended in 31/12/2008. Note that this recommendation is subject to the approval of the General Assembly. |
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