AlQabas quotes "Direct Information" that 57% of KSE listed Kuwaiti companies have not yet reported their 2009 results. There are nine remaining days before the deadline for reporting is reached.
89 companies have reported so far with KD402.85 million in net income verses KD467.7 million in 2008.
It's probably a fair guess that the non reporting companies are not holding back "good news". So this is probably a good indication of the level of corporate distress in the country.
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