INITIAL UN-AUDITED FINANCIAL RESULT FOR THE YEAR ENDED 31 DEC 2015

UBAR HOTELS & RESORTS SAOG      
INITIAL UN-AUDITED FINANCIAL RESULT      
FOR THE YEAR ENDED 31 DEC 2015      
         
  Parent Company Group
  31/12/2015 31/12/2014 31/12/2015 31/12/2014
  RO RO RO RO
Revenue       2,080,030      2,460,368      5,654,960      6,241,425
Operating Costs    (1,683,202)    (1,869,687)    (4,280,695)    (4,461,223)
Operating Profit          396,828          590,681      1,374,265      1,780,202
         
Finance Income          283,949          340,656              3,095              3,826
Finance Cost        (294,345)        (351,633)       (339,828)       (393,302)
Other Income               7,797               5,420            14,966              8,717
Profit Before Taxation          394,229          585,124      1,052,498      1,399,443
Taxation          (44,122)          (74,933)       (119,514)       (209,173)
Profit and Total Comprehensive Income for the period          350,107          510,191          932,984      1,190,270
         
Earning Per Share               0.007               0.010              0.019              0.024
         
NOTE:        
The above results are initial and unaudited and are subject to review and approval of the Audit Committee and Board of Directors of the company.
Muscat Exchange News Contribution Time: 13-Jan-2016 12:35 (GMT)

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