Kuwait Corporate Fact Sheet

Kuwait Commercial Complex Co. Fact Sheet
Services Sector
Reuters Code: SHOP.KW Current Price (KD) : 0.530
Key Facts
KAMCO Research
June 22, 2008
KD '000 2003 2004 2005 2006 2007
Cash & Cash Equivalent 269 1,422 1,378 1,364 3,771
Receivables & Other Debit Balances 1,498 3,311 7,643 13,912 38,582
Inventory 116 178 171 184 0
Short-Term Investments 5,720 2,546 2,854 2,775 3,159
Investment in Associates & Unconsolidated Subsidiary 1,175 2,545 3,302 11,213 21,689
Other Long-Term Investments 16,392 33,068 49,624 44,140 55,502
Joint Projects Under Progress 406 588 1,074 734 905
Fixed Assets 8,408 9,500 15,815 24,314 25,101
Other Assets 31 40 27 21 0
Total Assets 34,015 53,197 81,889 98,656 148,709
Loans and Bank Facilities 5,355 8,089 20,687 21,307 59,152
Payables & Other Credit Balances 3,659 2,745 3,642 16,705 20,115
Bonds 10,000 10,000 10,000 10,000 10,000
Other Liabilities 151 202 267 300 217
Total Liabilities 19,165 21,036 34,596 48,312 89,483
Minority Interest -
-
-
-
300
Equity 14,850 32,161 47,293 50,344 58,925
Operating Revenues 4,039 5,392 5,529 1,642 2,035
Costs of Operating Projects 2,917 3,614 3,885 787 852
Gross Profit 1,122 1,778 1,644 855 1,183
Other Operating Income 991 2,283 3,090 5,336 4,818
Operating Expenses 1,138 1,620 1,731 1,408 2,245
Operating Profit 975 2,441 3,004 4,783 3,755
Investment Income 3,886 1,255 3,932 2,113 3,582
Other Income/(Loss) 202 612 150 1,008 11,665
Interest Expense 886 1,174 1,787 2,689 4,741
Other Expenses 163 118 230 209 561
Net Profit
Key Ratios
4,013 3,016 5,069 5,007 13,700
2003 2004 2005 2006 2007
Return On Assets 11.8% 5.7% 6.2% 5.1% 9.2%
Return On Equity 27.0% 9.4% 10.7% 9.9% 23.3%
Gross Profit Margin from Operating Projects 27.8% 33.0% 29.7% 52.1% 58.1%
Operating Profit Margin 19.4% 31.8% 34.8% 68.5% 54.8%
Debt / Equity 103.4% 56.2% 64.9% 62.2% 117.4%
Investments / Total Assets 69.7% 72.8% 69.4% 59.7% 54.6%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 65,006 83,261 63,140 70,010 106,014
Closing Share Price (KD) 0.570 0.530 0.375 0.385 0.530
Highest Price For the Period (KD) 0.790 0.640 0.590 0.435 0.540
Lowest Price For the Period (KD) 0.430 0.295 0.345 0.300 0.385
Volume (Shares thousand) 123,500 197,885 43,655 81,760 123,460
Value (KD thousand) 77,011 100,623 20,715 29,980 59,566
No. of Trades 6,855 10,237 2,661 3,050 3,900
EPS (KD) 0.026 0.036 0.028 0.077 0.077
Book Value Per Share (KD) 0.282 0.304 0.303 0.337 0.337
Dividend Per Share (KD) 0.015 0.015 0.015 0.035 NA
Price to Earnings Multiple (X) 20.05 14.80 18.73 6.91 6.91
Price to Book Value Multiple (X) 1.88 1.74 1.75 1.57 1.57
Dividend Yield (%) 2.83 2.83 2.83 6.60 6.60
KD
0.550
0.525
0.500
0.475
0.450
0.425
0.400
0.375
0.350
0.325
0.300
52-Week Price Chart Rel. to KAMCO TRW Index
SHOP KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
11.5.08
25.5.08
8.6.08
22.6.08
Index
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
NA: Not Applicable, NM: Not Meaningful
YTD: Beginning of year to date
#
:Historical P/E, P/B & Yield are based on
current price & historical earning per share,
book value per share & dividend per share
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com