News Details

Print| Email
Back

Company News

Disclosure of Board meeting resolution as at Feb 4th 2018
Feb 05, 2018 - 08:50AM Company : HOTELS MANAGEMENT CO. INT.

Hotels Management Company International  S.A.O.G

The Board of Directors of Hotels Management Company International SAOG met on February 4th, 2018 to discuss the audited financials and other important matters, a summary of which is as under:

 

  1. Financial statement for the year ended 31st December 2017 audited by  KPMG  statuary auditors, approved by the Board. We give below the key performance indices:

 

2016

2017

 

10,406,345

11,700,869

Revenue

(8,274,611)

(8,661,140)

Operating costs

2,131,734

3,039,729

Profit for the year before taxation

1,876,502

2,583,218

Profit for the year after taxation

0.626

0.861

Earning by share

 

  1. The Board of Directors had proposed a cash dividend in respect of the year 2017 of RO 1/000 ( Omani Riyals one only) per share.

 

  1. The Board of Directors recommended the appointment of  KPMG as company’s statuary auditors  for the year 2018.

 

  1. The Financial statements, dividends and  the appointment of the company’s statuary auditors  are subject to approval of the shareholders  in the AGM of the company scheduled on 12th March 2018.