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INITIAL UN-AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST DECEMBER, 2017

Abrasives Manufacturing ABMI 0.00% 0.05 0.00

INITIAL UN-AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST DECEMBER, 2017

 

 

2017

RO

2016

RO

Sales

-

-

Cost of Sales

(12,642)

(12,642)

Gross Profit

(12,642)

(12,642)

Other operating income

33,549

4,941

 

20,907

(7,701)

Expenses:

 

 

Selling and distribution expenses

-

-

General and administrative expenses 

(40,190)

(40,664)

Finance charges 

(216,326)

(187,997) 

Total expenses

(256,516)

(228,661) 

Profit Before Taxation

(235,609)

(236,362) 

Income tax expense for the year 

-

-

Net Loss After Taxation

(235,609)

(236,362) 

Other comprehensive income

 

 

Change in fair value of available for sale investments, net of tax

7,669

28,362

Total Comprehensive Loss for the Year 

(227,940)

(208,000)

LOSS PER SHARE

(0.236)

(0.236)

* The above results are preliminary initial and un-audited and subject to review and approval of audit committee, board of directors and statutory auditors.

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