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Approval of Audited Financial Statements & dividend, for the year 2017
Jan 31, 2018 - 06:24PM Company : MUSCAT THREAD MILLS

Board of Directors, at their meeting held on 31st January 2018, have approved the audited Financial Statements for the year ended 31st December 2017.

 

The year ended with net profit of RO 188,969 (previous year RO 66,408) and net worth of RO 1,891,352. (Previous year end RO 1,739,348).

 

The Board of Directors have proposed a dividend of RO 0.010 per share (Baiza ten per share) comprising RO 0.005 stock dividend and RO 0.005 cash dividend.

 

The Financial Statements and recommendation of dividend are subject to approval of Shareholders at the Annual General Meeting scheduled on 6th March 2018.

 

Chairman