The Board of Directors of Oman Cables Industry (SAOG), in the meeting held on 14 January 2015, approved the audited Financial Statements for the year 2014 of the Parent Company and the Group and recommended the same for approval to the Shareholders at the Annual General Meeting.

 

 

 

Highlights of Financial Statements for the group are as follows:

 

 

 

- Sales of 2014 were RO 303.1 million compared to RO 306.1 million in 2013, a decrease of 1%

 

 

 

- Net Profit after tax attributable to Equity holders of the parent was RO 17.7 million in 2014 compared to RO 16.9 in 2013, a increase of 4.9%

 

 

 

- Earning per share (Face Value RO 0.100) was RO 0.198 in 2014 compared to RO 0.188 in 2013

 

 

 

- Net asset per share (Face Value RO 0.100) increased to RO 0.869 on 31 December 2014 compared to RO 0.760 on 31 December 2013

 

 

 

The Board recommended cash dividend of RO 0.090 per share of the face value of RO 0.100, to be approved by the Shareholders at the Annual General Meeting