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disclosure of initial annual financial results as at 31/12/2017
Jan 09, 2018 - 03:42PM Company : HOTELS MANAGEMENT CO. INT.

Initial Annual Un-audited Financial Results for the year ended 31st December 2017

 

 

According to the disclosure requirements of Capital Market Authority, we are pleased to announce the Initial Annual Un-audited Financial Results for the year ended 31st December 2017, These results are subject to:

  1. Audit by the External Auditor – KPMG.
  2. Review by the Audit Committee.
  3. Approval by the Board of Directors.
  4. Approval by Annual General Meeting

 

The final results may differ with these initial results, based on the decisions taken at any of the above stages.

 

2017

2016

%

Revenue

11,700,869

10,406,345

12.44%

Expenses

(8,661,141)

(8,274,611)

4.67%

Profit for the year before taxation

3,039,728

2,131,734

42.59%

Taxation

(456,510)

(255,232)

78.86%

Net Profit for the year after taxation

2,583,218

1,876,502

37.66%

Earning by share

0.861

0.626

37.54%