Published: Jul 20, 2014
Source: MSM

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Al Batinah Development Investment Holding - Disclosure of the approval of unaudited consolidated financial statements for the Six months ended 30 June 2014

The unaudited consolidated financial statements for the Six months ended 30 June 2014 were approved by the Board of Directors of Al-Batinah Development & Investment Holding Co. SAOG in their meeting held on Saturday 19 June 2014. The net profit was RO.827,732 after tax compare to net profit of  R.O 47,624 for the same period of last year 2013 .

refer to the subsidiary Company, National Cans & Packing Industry LLC “Under Liquidation“  the liquidation procedures is in process and we would like to inform the shareholders that the expected profit for the parent company from liquidation, which was disclosed previously on 30/5/2014 is RO.525,000 will be recorded in the financial statements of the parent company after completion of the liquidation procedures, which is expected to be completed by the end of the current year.

Yours sincerely,

Board Secretary

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