Initial un audited result for the year ended Dec31,2017
In compliance with Article (3) of disclosure Rules and Circular No. (E/2/2016) regarding the amendments to certain Provisions of the Executive Regulations of CML Issued by CMA, the Management of Al Batnah Hotels Co SAOG, is pleased to announce the initial unaudited results for the year ended Dec31,2017 as below:
Particulars |
Dec31,2017 |
Dec31,2016 |
% of Change |
Total Revenue |
887,368 |
1,415,869 |
(37%) |
Total Expenses |
(1,354,175) |
(1,402,331) |
(3%) |
Net (Losses) / Profit (After Taxes) |
(466,807) |
13,538 |
(3548%) |
Notes:-
- The above results represent initial un-audited and unapproved financials and are subject to review by the Audit Committee and approval by the Board of Directors.
- We will present the full financials on their approval in due course
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