KNCC announces KD 5.5m in profits in 2012

Kuwait National Cinema Company (KNCC) announced here on Wednesday that it has attained KD 5.5 million in profits, with 55.5 fils in earnings per share (EPS), in the fiscal year ending in December 2012, compared to KD 5.3 million, with 53.8 fils in EPS, of the same period in fiscal year ending in 2011.  The company's board of directors recommended distribution of cash dividends by 47 percent of nominal value of the share by 47 fils per share on the fiscal year ending in 2012 for registered shareholders in the company's records from the date of general assembly meeting, KNCC said in statement posted on Kuwait Stock Exchange (KSE)'s website.  It added that shareholders' equity for fiscal year-end 2012 has reached KD 47.6 million, compared to KD 45.8 million in 2011, adding that total assets amounted to KD 70.9 million by end of 2012 to KD 23.2 million of total liabilities, compared to liabilities of KD 28 million by end of 2011.  KNCC was founded in 1954 and it was listed in KSE in 1984 with a paid capital of KD 10.1 million.