- This event has passed.
Initial unapproved, unaudited results for three month period ended 31 March 2017
April 13, 2017
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.