| Majan Glass Company SAOG | |||
| In compliance with circular (E/5/2014) issued by CMA, the Company is please to report the Initial unaudited Financial Results (not yet reviewed and approved by Board) for the 2nd quarter ended 30th June 2015 | |||
| Particulars | Q2 of 2015 (#) | Q2 of 2014 (Unaudited and published) | change % |
| Total Sales | 5,541,649 | 5,757,150 | -3.74% |
| Cost of Sales - excluding depreciation | 3,816,735 | 4,180,771 | -8.71% |
| Gross Profit before depreciation | 1,724,914 | 1,576,379 | 9.42% |
| Cost of Sales - depreciation (Plant) | 630,290 | 558,650 | 12.82% |
| Cost of Sales - accelerated depreciation | 1,355,316 | 379,074 | 257.53% |
| Gross Profit after depreciation | (260,692) | 638,655 | -140.82% |
| Other Income | 114,625 | 238,002 | -51.84% |
| Depreciation (Others) | 23,924 | 17,030 | 40.48% |
| Selling, Admin & other expenses | 730,364 | 638,776 | 14.34% |
| Impairment Loss | 159,467 | - | 0.00% |
| Finance Cost | 40,370 | 44,027 | -8.31% |
| Cash Profit (Before Depreciation) | 1,068,805 | 1,131,578 | -5.55% |
| Net Profit / (Loss) RO (Prior to provision for Taxation) | (1,100,192) | 176,824 | 722.20% |
| Provision for Taxation | (132,043) | (19,464) | -578.40% |
| Net profit after tax | (968,149) | 196,288 | 593.23% |
| (#) (Initial unaudited and yet to be approved and reviewed by Board) | |||
| Note : | |||
| 1 - The above reported results are Initial unaudited and which are subject to : | |||
| a) Review and approval by Board | |||
| 2 - Other income for 2015 includes Liability not required written back, Insurance claim | |||
| Anwar Ali Sultan | |||
| Chairman | |||
| 14th July 2015 | |||
Initial (Unaudited and to be approved by Board) Financial Results for Q2 of 2015
Muscat Exchange News Contribution Time: 14-Jul-2015 09:06
(GMT)
