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Major Decisions taken in GIC Board Meeting dated 5/3/2015

Major Decisions taken in GIC Board Meeting dated 5/3/2015
GIC
GICI
5.80% 0.07 0.00

We are pleased to inform you that the Board of Directors in the meeting held on 5th March 2015, have approved the audited financial statements for the year 2014 and recommended the same for the approval of the Shareholders at the Annual General Meeting.

Highlights of Financial Statements for the group are as under:

-  Revenue for the year 2014 is RO 3,891,689 compared to RO 3,576,077 in the year 2013.

-  Net profit after tax for the year 2014 is RO 500,783 compared to RO 249,119 in the year 2013.

- Earnings per share is 25 Baiza in the year 2014 compared to 12 Baiza in the year 2013.

- Net asset per share as on 31st December 2014 is 148 Baiza compared to 136 Baiza on 31st December 2013.

The Board proposed cash dividend of 22% (22 Baiza per share) amounting to RO 462,000 for the year 2014, subject to the same being approved by the shareholders at their Annual General Meeting to be held on 29th  March 2015.

Thank you,