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Oman & Emirates Investment Holding: Preliminary Financial Results for the First Quarter ended 31 March 2018

IM Insights
By IM Insights
6 years ago
Oman & Emirates Investment Holding: Preliminary Financial Results for the First Quarter ended 31 March 2018


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  1. (a- t r 6')@155}; @511152‘ Juli/filéikg‘: OMAN & Ref: EMIRATES INVESTMENT HOLDING COMPANY S.A.O.G. AVM/ ADX/ 120/ 2018 April 12, 2018 Director Information Center Abu Dhabi Securities Exchange P O Box 51500, Abu Dhabi United Arab Emirates Dear Sir, Oman 8: Emirates Investment for the I Quarter Holding Co SAOG - Preliminarv Financial Results ended 31*!t March 2018 This is to inform you that during the I Quarter ended 31 March 2018, (Group and Parent Company) has achieved a Net Profit of R0 1,039,835 (31.03.2017: Net Loss R0 241,291). The details are as under: RO Millions Particulars Total Income Group Group Chan g6 31.03.2018 31.03.2017 Parent Parent % Chan ge % 0.607 287 1.676 0.246 581 (1.043) (0.884) 18 (0.636) (0.487) 31 1.307 (0.277) (-) 572 1.040 (0.241) 0.019 0.055 65 - 1.326 (0.222) (-) 697 1.040 (0.241) (-) Owners of the Parent 1.040 (0.241) (-) 532 1.040 (0.241) Non-controlling interests (-) 532 0.286 0.019 1405 1.326 (0.222) Expenses Profit/ (Loss) before tax Net Income Tax (Income) Net Profit/(Loss) after tax Profit/(Loss) attributable to: — 31.03.2017 2.350 Total - 31.12.2018 The management has reclassified the (-) (-) 532 - — 532 - 1.040 (0,241) with IFRS 9, effective the above results and this reclassification is to be investments to January 01, 2018 while computing approved by the new Board of Directors Meeting held on 28.03.2018. Besides, the provisional results and IFRS comply constituted at the last Annual General 9 ClaSSIfications and to be approved by the Audit Committee are subject to audit review With regarz‘g For‘Chief Mohammed Faraj Bamkhalef Executive Officer .’i x I- ‘V/Izu’\21/\;HJ P10. Box 2205 aw(MMHtMt-w Ruwi, Postal Code 112, :0.le (HAMMMMA mL_.¢,l_.ea_stL.. HY- Sultanate of Oman Tel.. (968) 24489465, (968) 24489458, Fax: gafJIHJJI .51).“ 0.9.94 C. R. No. 1/41141/1