Kuwait Corporate Fact Sheet

Kuwait Projects Co. (Holding) Fact Sheet
Investment Sector
Reuters Code: KPRO.KW Current Price (KD) : 1.120
Key Facts
KAMCO Research
June 22, 2008
KD '000 2003 2004 2005 2006 2007
Cash & Equivalent 103,516 122,605 138,116 212,381 1,312,285
Loans and Advances 42,279 48,722 51,386 71,870 1,696,456
Held For Trading Investments 47,778 55,828 72,783 112,856 204,309
Available for Sale Investments 158,690 183,312 157,818 166,117 264,362
Investment In Associated Companies 200,319 302,197 396,941 536,060 246,393
Investments Held to Maturity 7,591 6,716 7,661 8,159 6,872
Investment in Properties 6,097 4,566 5,830 6,792 7,958
Good Will 59,734 19,918 135,782 142,245 255,418
Other Assets 58,693 62,844 97,389 102,047 210,338
Total Assets 684,695 806,707 1,063,706 1,358,528 4,204,391
Time Deposits 162,191 214,582 215,179 113,242 1,622,298
Due to Banks & FI and Other Loans Payable 108,565 138,531 322,295 471,645 1,127,557
Bonds 111,472 135,304 119,573 88,123 64,829
Medium Term Notes 0 0 0 205,214 202,754
Other Liabilities 77,181 81,858 118,356 154,554 279,126
Total Liabilities 459,410 570,274 775,401 1,032,779 3,296,564
Minority Interest 64,804 70,427 76,831 93,883 244,438
Equity 160,482 166,006 211,474 231,866 663,389
Investment Income & Share of Results in Assoc. Co. 42,180 50,998 80,315 115,060 607,582
Other Operating Revenues 17,445 20,455 37,151 109,188 259,874
Total Operating Revenues 59,625 71,453 117,466 224,248 867,456
Total Operating Expenses 34,484 36,750 62,223 162,636 294,008
Operating Profit 25,141 34,703 55,243 61,612 573,448
Other Expenses 8,834 10,189 18,272 15,546 68,982
Other Income 1,903 726 1,041 4,004 17,225
Net Profit
Key Ratios
18,210 25,241 38,011 50,070 521,691
2003 2004 2005 2006 2007
Return On Assets 2.7% 3.1% 3.6% 3.7% 12.4%
Return On Equity 11.3% 15.2% 18.0% 21.6% 78.6%
Operating Profit Margin 42.2% 48.6% 47.0% 27.5% 66.1%
Net Profit Margin 30.5% 35.3% 32.4% 22.3% 60.1%
Investments / Total Assets 61.4% 68.5% 60.3% 61.1% 17.4%
Total Liabilities / Total Assets 67.1% 70.7% 72.9% 76.0% 78.4%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 216,222 587,788 519,562 913,170 1,293,133
Closing Share Price (KD) 0.206 0.560 0.495 0.870 1.120
Highest Price for the Period (KD) 0.280 0.600 0.760 0.940 1.340
Lowest Price for the Period (KD) 0.182 0.208 0.365 0.485 0.860
Volume (Shares thousand) 1,970,000 3,249,495 1,407,495 1,408,235 482,873
Value (KD thousand) 436,600 1,096,045 717,699 1,096,687 531,597
No. of Trades 24,453 42,268 33,021 28,509 13,526
EPS (KD) 0.025 0.037 0.049 0.514 0.514
Book Value Per Share (KD) 0.165 0.205 0.225 0.659 0.659
Dividend Per Share (KD) 0.018 0.025 0.050 0.090 NA
Price to Earnings Multiple (X) #
44.71 30.11 23.09 2.18 2.18
Price to Book Value Multiple (X) #
6.77 5.47 4.99 1.70 1.70
Dividend Yield (%) #
1.61 2.23 4.46 8.04 8.04
KD
1.375
1.300
1.225
1.150
1.075
1.000
0.925
0.850
0.775
52-Week Price Chart Rel. to KAMCO TRW Index
KPROJ 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