Aref Energy says full-year losses widened to 9.96mn Kuwaiti dinars

31/01/2013 10:26 AST

Kuwait's Aref Energy Holding Co said yesterday full-year losses widened to 9.96mn Kuwaiti dinars ($35.42mn) in 2012 compared with a 5.11mn loss dinars in the previous year.

The company's fourth-quarter loss, however, narrowed sharply to about 497,000 dinars from 3.73mn dinars a year earlier, according to Zawya Dow Jones calculations and Zawya.com data.

A substantial loss in the first quarter of 2012 accounted for a major chunk of the full-year loss; Aref improved its results in the subsequent quarters of the year compared with 2011, as per Zawya data.

The company, a unit of Kuwait Finance House, said in a statement posted on the Kuwait bourse website that full-year losses per share widened to 13.3 fils from 6.8 fils in 2011.


Gulf Times

News

Capital Standards assigns 'BB+' to AREF Energy Holding Company

15/12/2011

Capital Standards (CSR) has assigned, on a standalone basis, a first-time Corporate Credit Rating of 'BB+' on an international scale and 'BBB+KW' on a national scale to AREF Energy Holding Company K.

Al Watan

Aref Co posts KD 10.7 million in net profits for 2010

15/03/2011

Aref Energy Holding Company (Aref Co) earned 10.7 million Kuwaiti dinars in net profits for the fiscal year (FY) that elapsed on Dec. 31, compared to KD 7.9 million in losses in 2009.

The co

KUNA

Kuwait's Aref Energy makes $60 mln profit in stake sale

10/03/2010

Kuwaiti group Aref Energy Holding Co said it sold 95 percent of its stake in a gas joint venture in Texas, making about $60 million profit.

In 2007, Aref set up DeWitt Tract Co, a fully-owne

Arab Times

Most Viewed Companies

Ticker Price Volume
ALAIN 28.10 0
MGMC 0.10 0
UNB 0.00 0
AAIC 0.07 4,511
CBD 6.66 4,211
KFOUC 530.00 14,512
KIB 183.00 3,637,773

Valuation

ENERGYH Sector Market
P/E
Price/BookValue

Top Related Companies

Ticker Price Change
SAUDIARAMCO 27.10 0.05 (0.18%)
ABAR 138.00 2.00 (1.47%)
ADNOCGAS 3.14 0.00 (0.00%)
ADNOCDRILL 4.68 0.04 (0.86%)
ADES 20.08 0.10 (0.50%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

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

logo

Financial Information Co.

(MITCO), 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