Salalah Mills announced its preliminary unaudited financials for the fiscal year ended December 31, 2014, in its statement to the Muscat Securities Market (MSM).
The firm revealed a profit increase by 10.92% to OMR 5.5 million ($14.3 million) compared to OMR 4.9 million ($12.9 million) during FY13.
The Group’s revenues increased to OMR 67.6 million against OMR 60 million the year before.
Moreover, financials for the mother company for FY14 show a net profit surge by 21.99% to OMR 4.8 million against OMR 3.9 million in FY13.
Worth mentioning, the Board of Directors had proposed a cash dividend representing 65% of capital.
Salalah Mills had reported a profit of OMR 4.6 million in the first nine months of 2014, an 11% increase compared to figures from the same period in 2013.
