EN | العربية
The management of the Company is pleased to disclose its initial, unapproved, unaudited results for three month period ended 31 March 2017, as required by the CMA Circular E/2/2016.
|
For three month period ended 31 March 2017 |
For three month period ended 31 March 2016 |
Percentage change |
|
|
RO |
RO |
||
| Revenue |
18,321,451 |
17,723,207 |
3.38% |
| Cost of sales |
(10,431,193) |
(9,664,895) |
7.93% |
| Gross profit |
7,890,258 |
8,058,312 |
-2.09% |
| Administrative and general expenses |
(143,814) |
(206,054) |
-30.21% |
| Profit before interest and tax |
7,746,444 |
7,852,258 |
-1.35% |
| Finance income |
55,001 |
22,628 |
143.07% |
| Finance costs |
(3,987,942) |
(4,263,512) |
-6.46% |
| Profit before tax |
3,813,503 |
3,611,374 |
5.60% |
| Income tax expense (note) |
(3,542,121) |
(434,532) |
715.16% |
| Profit after tax for the year |
271,382 |
3,176,842 |
-91.46% |
Note: Significant increase in income tax expense is due to one off deferred tax expense impact arising from change of tax law in Oman.