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Summary of Decisions Taken at the Board of Directors Meeting (the first) that was held on 05/02/2018
Feb 06, 2018 - 09:01AM Company : OMAN CHROMITE

The summary of the decisions of the meeting of Board of Directors of Oman Chromite SAOG that was held on February 5th 2018.

 

1-    Approval of the audited financial statements for the year ended 31st December 2017


Summary of key data for the company

2016

2017

 

2,272,880

2,076,777

Revenue

(1,781,869)

(1,452,610)

Cost of revenue

491,011

624,167

Profit from operations

(176,078)

(51,414)

Change in fair value of investment

174,076

(24,734)

Provision for income tax

489,009

548,019

Net profit for the year

0.163

0.183

Basic earnings per share

 

2-    Recommendation to the AGM for the company to distribute cash dividends to shareholders at 16 % ratio of capital and by 160 Bz per share

3-    These recommendations remain subject to approval by the shareholders at the AGM scheduled on March 5th 2018