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     Board Meeting held on Saturday 3th March 2012

    Mar 04, 2012 09:50 AM
    The Board of Gulf Investment Services Co. SAOG met on Saturday, 03 March 2012 to approve the audited accounts for 2011.
    As per the audited accounts, the Group’s gross revenues during the year amounted to RO 977 K. After accounting for expenses of RO 1.254 million, impairment provision of RO 267 K and other adjustments, the Group has recorded a net loss of RO 531 K for the year 2011. In view of the loss incurred during the year, the Board has not recommended any dividend for the year 2011.
    The detailed financials shall be published in a newspaper in due course.