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Initial annual unaudited results for the year ended 31st December 2014

Initial annual unaudited results for the year ended 31st December 2014
OFO
OFOI
0.00% 4.57 0.00

Pursuant to Article (3) of Rules and Guidelines on Disclosure by Issuer of Securities and Insider Trading issued by the Capital Markets Authority, Oman Fiber Optic Co. S.A.O.G is pleased to disclose the following initial annual unaudited results for the year ended 31st December 2014:

Description

2014

(Unaudited)

RO (‘000)

2013

(Audited)

RO (‘000)

Total revenue

23,314

27,055

Total expenses

(21,696)

(24,748)

Profit from operations

1,618

2,307

Insurance claim income

7,377

2,806

Finance cost (net)

(56)

(268)

Profit before taxation

8,939

4,845

Taxation

(1,066)

(583)

Profit and total comprehensive income for the year

7,873

4,262

 

Note:

These results are initial and subject to approval of the Audit Committee, Board of Directors and the Shareholders of the Company