KUWAIT ENERGY plc GROUP
CONSOLIDATED INCOME STATEMENT
For the year ended 31 December 2011
F-123
2011
2010
Notes
USD 000’s
USD 000’s
Continuing Operations
Revenue
6
178,921
141,772
Cost of sales
7
(96,771)
(102,860)
Gross profit
82,150
38,912
Impairment losses
8
(8,520)
-
General and administrative expenses
(22,628)
(19,977)
Operating profit
51,002
18,935
Loss on held for trading derivative
23
(75)
(675)
Other income
9
800
4,222
Foreign exchange gain /(loss)
654
(463)
Finance costs (net)
10
(7,749)
(1,818)
Profit before tax
44,632
20,201
Taxation (charge) / credit
11
(9,869)
1,701
Profit for the year
12
34,763
21,902
Earnings per share
- Basic (cents)
25
11.1
8.5
- Diluted (cents)
25
11.1
8.5
