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Impact of Gas price increase

Impact of Gas price increase
Euro Foods
OEFI
0.00% 1.00 0.00

 

We hereby inform shareholders that the price of natural gas will increase by 100% with effect from 1st January 2015 with an additional 3 % increase annually thereafter. This increase will have minor impact on Omani Euro Food Industries SAOG as it uses electricity in the production of cereals.

 

The company will incur additional cost in the year 2015 of about RO 4 thousand only at current capacity Utilisation.

 

For Omani Euro Food Industries SAOG

General Manager

Hussain Mohammed Hassan Al Lawati