UBAR
UBAR Hotels & Resorts SAOG
Initial Annual Un-audited Financial Results
For the year ended 31st December 2014
According to the disclosure requirements of Capital Market Authority, we are pleased to announce the Initial Annual Un-audited Financial Results for the year ended 31st December 2014. These results are subject to:
1. Audit by the External Auditor – Ernst & Young
2. Review by the Audit Committee
3. Approval by the Board of Directors
4. Approval by the shareholders at the Annual General Meeting (AGM).
The final results may differ with these initial results, based on the decisions taken at any of the above stages.
|
|
Parent Company |
Group |
||
|
|
2014 |
2013 |
2014 |
2013 |
|
|
RO |
RO |
RO |
RO |
| Revenue |
2,460,369 |
2,669,935 |
6,235,204 |
6,255,089 |
| Operating Costs |
(1,802,973) |
(1,850,361) |
(4,378,315) |
(4,360,056) |
| Operating Profit |
657,396 |
819,574 |
1,856,889 |
1,895,033 |
|
|
|
|
- |
- |
| Finance Income |
340,657 |
393,000 |
3,826 |
4,669 |
| Finance Cost |
(351,634) |
(403,571) |
(393,302) |
(444,809) |
| Other Income |
12,087 |
597 |
15,384 |
5,056 |
| Profit Before Taxation |
658,506 |
809,600 |
1,482,797 |
1,459,949 |
| Taxation |
(75,420) |
(93,782) |
(128,662) |
(93,782) |
| Profit and Total Comprehensive Income for the period |
583,086 |
715,818 |
1,354,135 |
1,366,167 |
|
|
|
|
|
|
| Earning Per Share |
0.012 |
0.014 |
0.027 |
0.027 |
