Audited financial statements for the year ended 31 December 2012

24/02/2013 08:44 AST

The Board of Directors of Al Maha Petroleum Products Marketing Co. SAOG has met on 23 February 2013 and approved the audited financial statements for the year ended 31 December 2012 .

The sales reported for 2012 were RO 304.76 million compared to RO 268.32 million for 2011 , registering an increase of 14% .

The net profit achieved for 2012 was RO 10.03 million compared to RO 8.56 million for 2011 , an increase of 17% .

The Board of Directors has proposed a cash dividend of Baiza 900 per share ( 90% of paid up share capital ) for the year ended 31 December 2012 subject to the approval of the shareholders at the Annual General Meeting which shall be held on 31 March 2013 .


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