SFMI
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 2014:-
1. Parent Company
| % |
2013 |
2014 |
|
| 13.94% |
54,253,863 |
61,815,039 |
Revenue |
| 14.03% |
(50,300,255) |
(57,356,576) |
Costs of Sales and Expenses |
| (60.42)% |
55,920 |
22,135 |
Gain/(loss) on change in fair value of shares investment |
| 454.21% |
(86,206) |
305,347 |
Exchange rate Gains(loss) on revaluation of long term loan |
| 21.99% |
3,923,322 |
4,785,945 |
Net Profit After Tax |
2. The Group
| % |
2013 |
2014 |
|
| 12.84% |
59,911,518 |
67,604,619 |
Revenue |
| 14.06% |
(54,913,343) |
(62,635,664) |
Costs of Sales and Expenses |
| (60.42)% |
55,920 |
22,135 |
Gain/(loss) on change in fair value of shares investment |
| 519.68% |
(115,910) |
486,448 |
Exchange rate Gains(loss) on revaluation of long term loan |
| 10.92% |
4,938,185 |
5,477,538 |
Net Profit After Tax |
* Comparatives for 2013, are extracted from the audited results and have been regrouped to be comparable with 2014 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 26/03/2015.
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: 08/02/2015
