29 March 2012
MUSCAT: The shareholders of Nawras on Tuesday approved a proposal to distribute 38 per cent or 38 baisas per share cash dividend for 2011 at the company's annual general meeting. The AGM also approved the company's directors' report.
The company's gross consolidated revenue increased by 4.2 per cent to RO196.9 million in 2011 from 189 million for the previous year, yielding net profit of RO47.5 million after taxation. Earnings per share equated to RO0.073.
Taking the latest results into account, Nawras has maintained compound annual growth of 54 per cent in revenue since its formation, the company said in its annual report.
The year's achievements are the fruits of a well-established business strategy that has shaped the company's success over its seven-year existence. The company has invested heavily in creating the physical structure necessary to bring the best of modern telecommunications technology to the people of Oman, wherever they live or work. By the end of 2011, the company expanded broadband access to the vast majority of the population.
The AGM elected Said Faraj Said Al Rabee as a board member by unopposed for the current term ended on 2014. Deloitte were appointed as auditors of the company for the year ending December 31, 2012 and their remuneration was fixed, based on majority votes.
MUSCAT: The shareholders of Nawras on Tuesday approved a proposal to distribute 38 per cent or 38 baisas per share cash dividend for 2011 at the company's annual general meeting. The AGM also approved the company's directors' report.
The company's gross consolidated revenue increased by 4.2 per cent to RO196.9 million in 2011 from 189 million for the previous year, yielding net profit of RO47.5 million after taxation. Earnings per share equated to RO0.073.
Taking the latest results into account, Nawras has maintained compound annual growth of 54 per cent in revenue since its formation, the company said in its annual report.
The year's achievements are the fruits of a well-established business strategy that has shaped the company's success over its seven-year existence. The company has invested heavily in creating the physical structure necessary to bring the best of modern telecommunications technology to the people of Oman, wherever they live or work. By the end of 2011, the company expanded broadband access to the vast majority of the population.
The AGM elected Said Faraj Said Al Rabee as a board member by unopposed for the current term ended on 2014. Deloitte were appointed as auditors of the company for the year ending December 31, 2012 and their remuneration was fixed, based on majority votes.
© Times of Oman 2012
