Decisions of the Board Meeting
Board of Directors of A’saffa Foods SAOG held their meeting on February 23, 2015 at 1 pm and resolved the following :
-
Approved the Financial Statements for the year ended December 31, 2014 of the Parent Company and the Group, to be submitted to Annual General Meeting for final approval. The snapshot of the performance is given as below :
|
|
Group 2014 RO. ‘000 |
Group 2013 RO. ‘000 |
Parent 2014 RO. ‘000 |
Parent 2013 RO. ‘000 |
Change % Group |
Change % Parent |
|
Revenue |
30,235 |
28,537 |
30,453 |
28,537 |
5.95 |
6.71 |
|
Gross Profit |
13,471 |
12,001 |
13,090 |
11,970 |
12.25 |
9.36 |
|
Net Profit before Tax |
7,732 |
7,177 |
7,728 |
7,220 |
7.73 |
7.04 |
|
Taxation |
1,292 |
- |
1,292 |
- |
- |
- |
|
Net Profit after Tax |
6,441 |
7,177 |
6,436 |
7,220 |
(10.25) |
(10.86) |
-
Recommended the distribution of 18 % cash dividend of Paid up Capital for the year ended December 31, 2014 subject to the approval of shareholders at their Annual General Meeting to be held on March 23, 2014.
-
Recommended to spend RO.100,000 on Corporate Social Responsibility (CSR) activities.
