Un audited accounts for the nine months ended 30th.Sept.2008
Date Posted
: 16/10/2008
Source
: RCC
With reference to the disclosures rules approved by the Board of Directors of Capital Market Authority and in compliance with the disclosure and transparency principle, kindly be informed that the Audit Committee and Board of Directors of the Company reviewed and approved the un-audited accounts for the nine months ended 30th.Sept. 2008.
As disclosed in the accounts, the Company achieved total sales of RO.65.684 million for the nine months ended 30th.Sept. 2008 as against RO.43.339 million for the corresponding period of last year an increase of 51.3% and net profit before tax for the nine months ended 30th.Sept. 2008 of RO 26.135 million as against RO 19.691 million for the corresponding period of last year an increase of 32.7%.
The financial statements uploaded to the electronic system at MSM website .
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Un audited accounts for the first Half of 2008
Date Posted
: 27/07/2008
Source
: RCC
With reference to the disclosures rules approved by the Board of Directors of Capital Market Authority and in compliance with the disclosure and transparency principle, kindly be informed that the Audit Committee and Board of Directors of the Company reviewed and approved the un-audited accounts for the six months ended 30th.June 2008.
As disclosed in the accounts, the Company achieved total sales of RO.42.427 million for the first Half of 2008 as against RO.27.831 million for the corresponding period of last year an increase of 52.4% and net profit before tax of RO 20.531 million as against RO 12.570 million for the corresponding period of last year an increase of 63.3%.
The financial statements uploaded to the electronic system at MSM website .
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Increase the cement selling price by RO 4.000 (Ro Four only )per Ton
Date Posted
: 28/05/2008
Source
: RCC
We would like to inform you that it has been decided to increase the cement selling price by RO.4.000 per ton ,the new selling price will be RO 1.500 per bag equivalent to RO 30.00 per ton of cement , effective first of June 2008. This will have a positive effect on profit of the company , however, the increase in profit for the second half of this year is unpredictable due to increase in cost of raw materials , spare parts and shipping rates in addition to the continuously increase in cost of imported cement .
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