Gulf Stone Company S.A.O.G.
In compliance with Article ( 3 ) of Disclosure Rules issued by CMA by Administrative Decision No. 5/2007, the Management of the company is leased to disclose initial Annual Un-audited Financial Results for the year ended 31 December 2015.
(The amount’s in RO)
|
Description |
2015 (Unaudited) |
2014 (Audited) |
Variance% |
|
Total Sales or Revenue |
4,929,796 |
4,839,229 |
1.9 % |
|
Total Expenses |
4,798,475 |
4,463,967 |
7.5 % |
|
Profit before Taxation |
131,321 |
375,262 |
(65.0)% |
|
Less: Income Tax |
11,768 |
41,321 |
(71.50) % |
|
Net Profit |
119,553 |
333,941 |
(64.20) % |
Note:
Comparative figures for year 2014 are extracts from the audited results.
The above results are preliminary initial, and Un-audited and Subject to review and approval of Audit committee, Board of Director and statutory auditors.
The Annual General Meeting of the company will be held on 16th March 2016.
ZAYED SAID ALREESI
Secretary Board of Directors
