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4-Traders Homepage  >  Equities  >  MUSCAT SECURITIES MARKET  >  Raysut Cement Company SAOG    RCCI   OM0000001418

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Raysut Cement SAOG : Initial un-audited consolidated financial results for the year ended 31 December 2017

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01/14/2018 | 07:56am CET

In accordance with the rules and disclosure requirements of Capital Market Authority, we would like to disclose the initial un-audited consolidated financial results for Raysut Cement Company (SAOG) for the year ended 31 December 2017:

 

Un-audited

Audited

Change %

 

31/12/2017

31/12/2016

 

 

        RO

        RO

 

Revenue

71,895,288

92,587,547

(22.35)

Cost of sales

(55,651,301)

(61,222,271)

9.10

Gross profit

16,243,987

31,365,276

(48.21)

General and administrative expenses

(6,084,395)

(5,902,694)

(3.08)

Selling and distribution expenses

(2,361,665)

(3,189,771)

25.96

Other income

64,180

134,891

(52.42)

Profit from operations

7,862,107

22,407,702

(64.91)

Net financing costs

(380,788)

(323,697)

(17.64)

Profit on sale of investment in associate

1,112,356

-

 

Gain on investments activities

573,550

812,199

(29.38)

Profit before tax

9,167,225

22,896,204

(59.96)

Income tax

(2,250,934)

(2,185,896)

(2.98)

Profit after tax

6,916,291

20,710,308

(66.60)

 

 

 

 

Basic and diluted earnings per share

0.035

0.104

 

 

 

 

 

Total profit/(loss) and Comprehensive income attributable to:

 

 

Owners of the parent company

6,916,233

20,734,014

 

Non-controlling interest

58

(23,706)

 

 

6,916,291

20,710,308

 

These results are initials and have not been reviewed by the Audit Committee and the External auditors, and not approved by the Board of Directors. We'll furnish you with approved results within the specified period.

Ghose Jotirmoy Pratul Krishna

Chief Executive Officer

(c) 2018 Copyrights 2017, Muscat Securities Market. All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( OMR)
Sales 2018 78,9 M
EBIT 2018 -
Net income 2018 13,6 M
Debt 2018 -
Yield 2018 3,52%
P/E ratio 2018 17,69
P/E ratio 2019
Capi. / Sales 2018 2,02x
Capi. / Sales 2019 1,75x
Capitalization 159 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 1,06  OMR
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Joey Ghose Chief Executive Officer
Ahmed bin Yousuf bin Alawi Al-Ibrahim Chairman
Tapash Chief Operating Officer
Abdul Samed Abdul Wahid Deputy Chief Finance Officer
Mohammed Yousuf Ahmed Alawi Al-Ibrahim Vice Chairman
Sector and Competitors