25 March 2012
Muscat: The extraordinary general meeting (EGM) and the annual general meeting (AGM) of Sweets of Oman was held recently at the Oman Chamber of Commerce and Industry. The meeting was chaired by Redha Baqir Al Lawati. At the EGM, the proposed amendment of the company's Article of Association was approved with a few changes.
The AGM has approved the distribution of a dividend of 45 per cent of the nominal value to its shareholders. The chairman informed that in 2011, the company registered a growth of 20 per cent in terms of revenue over the corresponding period of 2010.
The net profit for the company after taxation is RO739,056. The net earnings per share is 106 baisas. The shareholders approved the report of the directors, corporate governance, the audited financial statement for the period ended December 2011 and the reappointment of PricewaterhouseCoopers as the external auditors for 2012.
Muscat: The extraordinary general meeting (EGM) and the annual general meeting (AGM) of Sweets of Oman was held recently at the Oman Chamber of Commerce and Industry. The meeting was chaired by Redha Baqir Al Lawati. At the EGM, the proposed amendment of the company's Article of Association was approved with a few changes.
The AGM has approved the distribution of a dividend of 45 per cent of the nominal value to its shareholders. The chairman informed that in 2011, the company registered a growth of 20 per cent in terms of revenue over the corresponding period of 2010.
The net profit for the company after taxation is RO739,056. The net earnings per share is 106 baisas. The shareholders approved the report of the directors, corporate governance, the audited financial statement for the period ended December 2011 and the reappointment of PricewaterhouseCoopers as the external auditors for 2012.
© Times of Oman 2012
