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Disclosure of initial Unaudited Financial results
Jan 15, 2018 - 02:11PM Company : AL SHARQIA INVESTMENT HOLDING

The Management of A’Sharqiya Investment Holding Company (SAOG) and its subsidiary is pleased to announce the initial unaudited results for the year ended 31 December 2017.

 

Particulars

    31  Dec 2017

     31 Dec 2016

        Change

 

             RO

             RO

               %

Total Income

         1,285,368

       1,532,870

         (16.15)

 

 

 

 

Total Operating expenses

            598,616

          632,688

           (5.39)

 

 

 

 

Profit Before tax

            686,752

          900,182

         (23.73)

 

 

 

 

Net Profit after tax

            615,825

          845,394

         (27.16)

 

 

 

 

Other Comprehensive income

       (2,900,228)

         (410,128)

         607.15

 

 

 

 

Total Comprehensive income for the period

       (2,284,403)

          435,266

        (624.54)

 

 

 

 

Earnings per share

                 0.007

               0.009

         (27.16)

 

 

 

 

Net Assets

        12,770,748

     15,401,450

         (17.08)

 

 

 

 

Net Asset Value per share

                 0.142

               0.171

         (17.08)

Note :

1. These Initial Annual Unaudited Financial Results are subject to audit by the statutory auditors, review by the Audit Committee and approval by the Board of Directors.

 
 
             

2. The Group has early adopted IFRS 9 during the year. IFRS 9 adjustments are in process of being finalized.

 
             

3. Last year (December 31, 2016) figures have been presented after adjustments according to IFRS 9 rules.