PSCS
In accordance with the provision of Article 280 of the Executive Regulations of the Capital Market Law promulgated by the Administrative Resolution 1/2009, we are pleased to disclose the un-audited initial financial results of the Corporation for the year ended 31st December 2015 as given below:
| Details |
Initial Un-audited |
Audited |
Change |
| 2015 |
2014 |
||
|
|
RO |
RO |
% |
| Total operating revenue |
3,589,099 |
14,592,117 |
(75.4) |
| Operating expenses |
5,647,429 |
11,185,826 |
(49.5) |
| Voluntary end of services expenses |
1,813,623 |
- |
0.0 |
| Total operating expenses |
7,461,052 |
11,185,826 |
(33.3) |
| Operating (loss) / profit |
(3,871,953) |
3,406,291 |
(213.7) |
| Non-operating income |
1,075,194 |
1,638,196 |
(34.4) |
| (Loss) / Profit before franchise fee and taxation |
(2,796,759) |
5,044,487 |
(155.4) |
| Income tax |
- |
311,817 |
(100.0) |
| Franchise fee |
(670,303) |
1,704,736 |
(139.3) |
| Net (Loss) / Profit for the year |
(2,126,456) |
3,027,934 |
(170.2) |
| Earning per share |
(0.022) |
0.032 |
(170.2) |
Please note that the figures for 2015 are initial un-audited results and are subject to approval/confirmation/concurrence by the following bodies of the Port Services Corporation SAOG:
-
Statutory Auditors
-
Board Audit Committee
-
Board of Directors
-
Shareholder
Saud Bin Ahmed Al-Nahari
Chief Executive Officer
