ASMAK announces sales revenue of AED 183.502m in the first 3Q of 2012

11/11/2012 14:01 AST

Sales revenue of International Fish Farming Holding Co. – ASMAK in the first three quarters of 2012 amounted to AED 183.502 million vs. AED 281.686 million in 2011. While, sales revenue for the 3rd quarter of 2012 amounted to AED 56.358 Million vs. AED 72.859 Million in 2011.

Sales and distribution expenses for the nine months period amounted to AED 9.313 million vs. AED 6.289 million in 2011.

General and Administration expenses for the 3 quarters amounted to AED 33.173 million against AED 38.782 million in 2011. General and Administration expenses for the 3rd Quarter of 2012 amounted to AED 10.367 million against AED 12.789 million in 2011.

Income from investments amounted to AED 10.110 Million in the first three quarters of 2012 versus AED 7.556 million in 2011.

Loss from investments for the 3rd Quarter of 2012 amounted to AED 0.467 million versus a profit of AED 2.051 million in 2011.

The financial results for the nine months period amounted to a net Loss of AED 4.247 million against AED 14.653 million net profits in 2011. And, the financial results for the 3rd Quarter of 2012 amounted to a net loss of AED 9.401 million against net profit of AED 1.231 million in 2011.

The management confirms its commitment to support and enhance the core activities of the company to attain continuous growth.


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