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Un-audited consolidated financial results for the year ended 31 December 2015
Date Posted: Feb 15, 2016
In accordance with the rules and disclosure requirements of Capital Market Authority, we would like to disclose the initial un-audited consolidated financial results for Raysut Cement Company (SAOG) for the year ended 31 December 2015:
|
|
Un-audited Consolidated Financial Results |
Audited Consolidated Financial Results |
|
|
2015 |
2014 |
|
|
RO |
RO |
|
Revenue |
94,676,398 |
94,292,989 |
|
Cost of sales |
(59,181,749) |
(54,866,268) |
|
|
|
|
|
Gross profit |
35,494,649 |
39,426,721 |
|
General and administrative expenses |
(4,892,747) |
(4,444,580) |
|
Selling and distribution expenses |
(4,302,837) |
(4,871,926) |
|
Other income |
129,256 |
355,391 |
|
|
|
|
|
Profit from operations |
26,428,321 |
30,465,606 |
|
Net financing costs |
(1,435,194) |
(1,899,046) |
|
Gain on investments activities |
54,376 |
1,821,693 |
|
|
|
|
|
Profit before tax |
25,047,503 |
30,388,253 |
|
Income tax |
(4,093,590) |
(2,962,086) |
|
Profit after tax |
20,953,913 |
27,426,167 |
|
|
|
|
|
Basic and diluted earnings per share |
0.105 |
0.137 |
Please note that the above results are initial and un-audited and are subject to the audit and approval from the Audit Committee and the Board of Directors.
With best regards,
Salem Alawi Mohd Baboud
Group Chief Executive Officer