OFOI
The Board of Directors of Oman Fiber Optic Co. SAOG during their meeting held on 25th January 2015 have adopted and recommended for shareholders’ approval, the audited financial results of the company for the financial year ended 31st December 2014.
The Board recommended distribution of Cash Dividend of 350 baizas per share and a stock dividend of 15% on par value of the share, for the year 2014, subject to approval of the shareholders.
The highlights of the annual audited financials:
| Particulars |
Year ended 31st December 2014 Amount Rials |
Year ended 31st December 2013 Amount Rials |
| Total revenue |
23,313,983 |
27,055,585 |
| Total expenses |
(21,695,941) |
(24,748,229) |
| Profit from operations |
1,618,042 |
2,307,356 |
| Insurance claim amount |
7,376,874 |
2,806,273 |
| Finance costs (net) |
(56,205) |
(268,355) |
| Profit before taxation |
8,938,711 |
4,845,274 |
| Provision for tax/Taxation credit |
(1,065,694) |
(583,556) |
| Net profit after deduction of tax |
7,873,017 |
4,261,718 |
| Earnings per share |
1.493 |
0.898 |
