Initial Unaudited Annual Financial Results of Oman Cables Industry (SAOG) for Year ended 31 December 2015

14 January 2016 07:39 AM

-2.08% 2.35 -0.05

Initial Unaudited Annual Financial Results of Oman Cables Industry (SAOG) for year ended 31 December 2015

(RO'000)

RO'000	Year Ended		Year Ended		% Change
RO'000	31-Dec-2015		31-Dec-2014
	Group	Parent	Group	Parent	Group	Parent

Total Revenues*	283,470	231,486	303,146	253,246	-6.5%	-8.6%
Total Expenses**	262,127	213,335	283,267	236,450	-7.5%	-9.8%
Net Income after tax	21,343	18,151	19,879	16,796	+7.4%	+8.1%
Non-controlling Interest	-2,836		-2,161
Attributable to Shareholders of Parent Co.	18,507		17,718		+4.5%

*The Total revenues for 2015 have been affected by decline in underlying metal prices in the international market during the year.

** including cost of sales and net of other income

Note: The above unaudited financial results are initial and not approved by the Board of Directors

Source: Muscat Exchange News

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