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