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Initial unaudited financial results for the year ended 31st December 2016
Jan 15, 2017 - 01:36PM Company : AL JAZEERA SERVICES

The Management of Al Jazeira Services Co. SAOG is pleased to announce the initial unaudited results for the year  ended 31st December 2016 as below:

 

2016

2015

 
 

Group

Parent

Group

Parent

Group

Parent

 

RO

RO

RO

RO

% change

% change

Revenue

9,175,097

-

11,108,790

-

-17%

-

Operating Expenses

(7,906,694)

(241,772)

(9,124,526)

(336,064)

-13%

-28%

Operating Profit/ (Loss)

1,268,403

(241,772)

1,984,264

(336,064)

-36%

-28%

Profit from Investments

483,448

1,802,868

1,996,265

4,022,299

-76%

-55%

Profit  before Tax

1,751,851

1,561,096

3,980,529

3,686,235

-56%

-58%

Tax

(177,540)

-

(151,961)

121,929

17%

-

Profit  After Tax

1,574,311

1,561,096

3,828,568

3,808,164

-59%

-59%

Basic earning per share

0.014

0.014

0.034

0.034

-59%

-59%

Book Value per share

0.212

0.211

0.220

0.219

-3%

-3%

 

 

 

 

 

 

 

 

 

 

Please Note:

The above results are preliminary and subject to  audit and review and approval of the Audit Committee and Board of Directors.