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Annual audited accounts for the year 2014

Annual audited accounts for the year 2014
GMPI
GMPI
-0.43% 0.23 -0.00

After Greetings !

 

The Board of directors of Gulf Mushroom Products Company SAOG in the Board Meeting held on 17 February 2015 has approved the annual audited results for the year ended 31 December 2014.

 

 

 

 

 

Year  2014(R.O)

Year 2013(R.O)

Change %

Total Revenues

 6,139,071

 5,901,758

4%

Total Expenses

(5,772,856)

(5,355,913)

8%

Profit before tax

366,215

545,845

(33%)

Tax

(39,883)

(34,655)

15%

Profit after tax

326,332

511,190

(36%)

 

 

 

 

 

The audited financial statements and other reports will be presented to the shareholders for approval in the Annual General Meeting which is proposed to be held on 11 March 2015.

 

Board has also decided to recommend to the shareholders to issue bonus shares at 10% of paid up equity share capital for the year ended 31 December 2014.