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Result of Meeting

23rd Jan 2019 07:44

RNS Number : 8588N
Alexandria Mineral Oils Co. S.A.E.
23 January 2019
 

Please note that a meeting of the Board of Directors of the company was held on the following summary of the decisions issued:

-The Board approved the report of the Board of Directors and the periodic (unaudited) financial statements of the company in 31/12/2018 and its complementary clarifications in order to be presented to the Company's auditors and auditors of the central auditing organization

-the Board also made some decisions that would conduct the company's normal operational work.

AMOC will provide the financial statements, annexes and complementary clarifications, as well as the report of the Board of directors, after having been audited by the company's auditor and by the Central Auditing organization and after issuing their report.

The company also acknowledges that this summary contains all the essential information that must be disclosed in accordance with the provisions of the Money Market Act, its implementing regulations, and the rules and decisions issued I accordance to them.

 

Current Year Financial Performance for Operational Activities Ended in 31-December-2018

(1) Financial Indicators:

(A) Income Statement Summary Results Ended in 31-Dec-2018:

Current Year Figures31-Dec-2018

Comparing Year Figures31-Dec-2017

Percentage ofChange

Sales Revenue

7,783,133,835

6,254,580,945

24%

Gross Profit

390,442,280

1,003,726,953

-61%

Gross Profit Margin

5%

16%

Net Profit Before Tax & Normal Operation

295,726,677

901,296,392

-67%

Net Profit Before Tax & Extra Ordinary Items

344,489,814

947,163,333

-63.6%

Net Profit After Tax

278,409,721

745,483,668

-62.7%

Earning Per share

0.19

0.78

-75.6%

(B) Balance Sheet Statement Summary Results Ended in 31-Dec-2018:

Current Year Figures31-Dec-2018

Comparing Year Figures30-June-2017

Percentage ofChange

Net Working Capital

1649021743

2681536038

-38.5%

Share Holder's Equity

2687281750

3660358115

-26.6%

Paid in Capital

1291500000

1291500000

Reserves

1117372029

881497258

26.8%

Net Profit

278409721

745483668

-62.7%

(C ) Cash Flow Statement Summary Results Ended in 31-Dec-2018:

Current Year Figures31-Dec-2018

Comparing Year Figures31-Dec-2017

Percentage ofChange

Net Cash Flow From Operating Activities

 1552070301

-681678224

-327.7%

Net Cash Flow From Investing Activities

-5525438

58517270

109.4%

Net Cash Flow From Financing Activities

(869050699)

 (361194226)

140.60%

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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