Announcing the Resolutions of Board Meeting
Title :
Announcing the Resolutions of Board Meeting GALFAR ENGINEERING & CONTRACTING
Content :
The board of directors discussed the topics listed on the agenda in its meeting no. 02 held on 11/03/2026 and passed the following resolutions.
Galfar Board of Directors' Resolutions
The Board of Directors of Galfar Engineering & Contracting SAOG have in their meeting held on 11th March 2026, approved the Audited Financial Statements of the Parent Company and Consolidated as on 31 December 2025, which will be presented for approval to the shareholders in the Annual General Meeting to be held on Tuesday 31st March 2026. Results of the audited financial statements are as follows:
Amount in RO ‘000s
| Particulars |
Parent Company |
Consolidated |
||
| 2025 |
2024 |
2025 |
2024 |
|
| Total Revenue, including other income |
274,801 |
275,389 |
288,547 |
289,140 |
| Total Expenses |
(267,636) |
(277,834) |
(280,930) |
(291,884) |
| Profit / (Loss) after Finance cost but before impairment of receivables, other current assets, investment and tax |
7,165 |
(2,445) |
7,617 |
(2,744) |
| Reversal of allowance for expected credit losses on receivables, and other current assets, net |
(2,167) |
(1,227) |
(2,009) |
(1,116) |
| Impairment loss on investment in subsidiaries |
- |
- |
- |
- |
| Share of loss from associates |
- |
- |
(136) |
96 |
| Profit before tax |
4,998 |
(3,672) |
5,472 |
(3,764) |
| Tax credit/(expense) |
(218) |
- |
(270) |
(148) |
| Profit for the year |
4,780 |
(3,672) |
5,202 |
(3,912) |
The audited financial statements, together with the approved Directors' Report, Corporate Governance Report, Management Discussions and Analysis Report and Auditors' reports will be published in the website of Muscat Stock Exchange.
*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.
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