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04/04/2011 00:00 AST
The Sultan Center Food Products Company sustained 34.4 million Kuwaiti dinars in losses; 61 Kuwaiti fils in shares for the fiscal year (FY) that elapsed on Dec. 31, 2010 compared to KD 3.7 million in net profits and 6.6 fils increase of shares in 2009.
It said in a press release, issued on the Kuwait Stock Exchange (KSE) internet site on Sunday, that the overall shareholder equity equaled KD 79.3 million in 2010, compared to 116.2 million in 2009.
The total of assets valued KD 314.7 million, while the total of liabilities equaled KD 235.4 million in 2010, it said.
The total of liabilities for 2009 equaled KD 231.7 million, it noted.
The company was established in 1980 and was listed in KSE in 1997 with an issued and paid capital of KD 57.8 million.
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