OEIO
This is to inform you that during the year ended 31st December 2014, the Group has recorded a Net Profit of RO 503,917 as against the Net Profit of RO 3,072,868 reported during 2013. The Parent Company has recorded a Net Loss of RO 1,165,251 (2013 – Net Profit of RO 270,543) during 2014. The salient details are as under:
(RO in Million)
| Particulars |
Group 31.12.2014
|
Group 31.12.2013
|
Parent Company 31.12.2014
|
Parent Company 31.12.2013
|
| Total Income |
4.791 |
8.709 |
1.400 |
3.284 |
| (-) Total Expenses |
(4.251) |
(4.980) |
(2.565) |
(3.013) |
| Net Profit/(loss) |
0.540 |
3.729 |
(1.165) |
0.271 |
| Net Profit/(loss) attributable to the Parent Company |
0.504 |
3.073 |
(1.165) |
0.271 |
| EPS – Rial Omani |
0.004 |
0.025 |
(0.010) |
0.002 |
| Investments |
43.102 |
45.744 |
36.329 |
39.004 |
| Other Assets |
13.005 |
12.582 |
1.595 |
1.544 |
| Total Assets (A) |
56.107 |
58.326 |
37.924 |
40.548 |
| Less: Liabilities (B) |
(30.432) |
(33.468) |
(24.755) |
(26.557) |
| Net Assets (A-B) |
25.675 |
24.858 |
13.169 |
13.991 |
| Equity Capital |
12.187 |
12.187 |
12.187 |
12.187 |
| Reserves and Surplus |
6.501 |
6.045 |
5.521 |
5.178 |
| Retained Earnings / (Accumulated Losses) |
2.874 |
2.514 |
(4.539) |
(3.374) |
| Total Equity (C) |
21.562 |
20.746 |
13.169 |
13.991 |
| Add: Minority interests (D) |
4.113 |
4.112 |
- |
- |
| Total Equity and Minority interests (C+D) |
25.675 |
24.858 |
13.169 |
13.991 |
| Net Assets per Share (Rial Omani) |
0.177 |
0.170 |
0.108 |
0.115 |
For 2014, no dividend has been proposed, in view of the accumulated losses of RO 4.539 Million, being carried forward by the Parent company as at 31.12.2014.
The above results were approved at the Board Meeting held on 04.03.2015.
With regards,
Awad Mohammed Faraj Bamkhalef
Chief Executive Officer
