Initial Annual Un-audited financial Results For 2015

In compliance with Article (3) of Disclosure Rules issued by CMA, Salalah Mills Co. is pleased to disclose the Initial Annual Un-audited Results for the year 2015:-

   1. Parent Company

%

2014

2015

 

2.45%

61,815,037

63,329,858

 Revenue

1.27%

57,222,257

57,947,816

 Costs of Sales and Expenses

10.03%

22,135

34,251

 Gain/(loss) on change in fair value of shares investment

-81.74%

278,106

50,791

 Exchange rate Gains(loss) on revaluation of long term loan

11.54%

4,870,886

5,432,833

 Net Profit After Tax

 

   2. The Group

%

2014

2015

 

0.96%

67,604,617

68,254,276

 Revenue

0.45%

62,506,894

62,791,078

 Costs of Sales and Expenses

10.030%

22,135

34,251

 Gain/(loss) on change in fair value of shares investment

-89.07%

464,757

50,791

 Exchange rate Gains(loss) on revaluation of long term loan

-0.87%

5,562,480

5,513,988

 Net Profit After Tax

 

*  Comparatives for 2014, are extracted from the audited results   and have been regrouped to be comparable  with 2015 data.

* These results are initial and subject to the review and approval of the Audit Committee, Board of Directors and AGM which will be held on 31/03/2016.

 The Board of Directors had already proposed the payment of 65% Cash dividends of paid Capital that is  ) 65 Baize per share(.

For/ Salalah Mills Company SAOG

Ahmed Alawi Al – Dhahab

CHIEF EXECUTIVE OFFICER

Salalah: 17/01/2016

Muscat Exchange News Contribution Time: 17-Jan-2016 05:08 (GMT)