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Renaissance Declares H1 2015 Interim Results

Renaissance Declares H1 2015 Interim Results
Renaissance
RNSS
-0.25% 0.39 -0.00

Renaissance Services SAOG would like to announce  that the unaudited financial statements for the 6 months period ended 30th June 2015 and the Chairman’s report have been posted on the website of Muscat Securities Market

 

Financial Performance:

    

Rial Million

USD Million

H1 2015

H1 2014

H1 2015

H1 2014

Continuing Operations

 

 

 

 

Revenue

117.9

117.3

306.1

304.7

EBITDA

36.6

41.5

95.1

107.8

Operating profit

21.0

27.6

54.5

71.7

Net Profit/(loss) after tax from continuing operations

(1.3)

9.1

(3.4)

23.6

Discontinued operations

 

 

 

 

Profit/(loss) from discontinued operations

(0.6)

1.8

(1.6)

4.7

Net profit/(loss)

(1.9)

10.9

(4.9)

28.3

Note:

  1. H1 2015 EBITDA and Operating Profit are after one-off receivables provision of RO 1.9 million (H1 2014: RO 0.7 million)
  2. H1 2015 Net loss is after write-off of unamortized loan arrangement costs of RO 3.2 million in Topaz

 

The full Financial Statements and Chairman’s Statement can be accessed at Muscat Securities Market website, as well as at the company’s website:http://www.renaissanceoman.com/