SFMI
The unaudited financial results of the company for the six months ended 30st June 2015.
The Key figures are shown below:
1. Parent Company
| % |
Diff. |
2014 |
2015 |
|
|
|
|
|
|
|
| 3.70% |
1,195,349 |
32,412,478 |
33,607,827 |
Sales |
| 5.60% |
1,643,401 |
29,121,859 |
30,765,260 |
Cost of Sales and Operating expenses |
| (13.60) % |
(448,052) |
3,290,619 |
2,842,567 |
Net profit after tax |
2. The Group
| % |
Diff. |
2014 |
2015 |
|
|
|
|
|
|
|
| 2.00% |
692,705 |
35,451,413 |
36,144,115 |
Sales |
| 5.60% |
1,762,690 |
31,646,108 |
33,408,798 |
Cost of Sales and Operating expenses |
| (28.00)% |
(1,069,988) |
3,805,305 |
2,735,317 |
Net profit after tax |
Notes:
| 1. In these financial statements the wheat and feed subsidy have been accounted on accrual basis and in accordance with the methodology received from the Ministry. |
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| 2. The Independent auditors appointed by the Ministry of Finance have completed their verification of wheat subsidy until September-2013 and in respect of feed subsidy up to March-2015 and have submitted their report to the Ministry. |
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| 3. The above results represent initial un-audited financial results and are subject to review by the Audit Committee and approval by the Board of Directors. |
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| 4. We will present the full financials upon their approval in due course. |
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For/ Salalah Mills Company SAOG
Ahmed Alawi Al - Dhahab
CEO
Salalah: 22thJuly 2015
