SALAM INTERNATIONAL INVESTMENT LIMITED Q.P.S.C. The Board of Directors (BOD) of Salam International Investment Limited (SIIL) held its meeting on Tuesday, 20/10/2015 and passed the following resolutions:
- Financial Results for Period Ending 30/09/15:
The BOD approved the interim consolidated financial statements as of 30/09/2015 which showed a net profit of QR 65.9 million, excluding the non-controlling interest. This compares to a net profit achieved during the same period in 2014 amounting to approximately QR 67.2 million. Consequently; earnings per share reached QR 0.58 compared to QR 0.59 for the same period in 2014.The interim consolidated financial statements as of 30/09/2015 shall be published in the local newspapers within the next few days.
Moreover, the BOD discussed other issues and followed up on the execution of the previous resolutions.
It's worth mentioning that the above-mentioned figures exclude profits declared on 15/10/2015, resulting from the sale of shares of a Salam Studio & Stores - UAE subsidiary in a joint-venture that amounted to 62 million AED. The profits are to appear in the 2015 4th quarter consolidated financial statements.
Therefore, SIIL encourages its shareholders and interested investors to take this matter into consideration.
Dr. Adnan Steitieh
Secretary to the Board of Directors
Note: this text has been translated from its original Arabic equivalent which remains the official version.
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