English BMMI Financials Press Release 2019 A
PRESS RELEASE FOR IMMEDIATE RELEASE BMMI announces BD103.8 million Revenue and a Net Profit result of BD8.4 million. The BMMI Group reported an Annual Revenue of BD 103.8 million (2017 BD 102.3 million), which is a 1.5% increase, with BD 28 million of that being achieved in Q4 alone (2017 BD 28.3 million), which is a 0.9 % decrease. Furthermore, the Group achieved an Annual Net Profit of BD 8.4 million (2017 BD 8.6 million) for the year ended 31 December 2018, delivering Net Profit of BD 3.3 million in Q4 2018 alone (2017 BD 2.9 million). The Group’s Profit from Operations for the year was BD 7.6 million (2017 BD 6.5 million), which is a 16.4% increase, with BD 3.3 million of that achieved in Q4 alone (2017 BD 2 million), which is a 66.1% increase. Additionally, the Earnings Per Share for the year were 61 fils (2017 62 fils), with 24 fils of that achieved in Q4 (2017 21 fils). The Equity Attributable to Shareholders of BMMI in the year-end period was BD 66.2 million (2017 BD 65 million). The year ended with BMMI’s Total Assets at BD 111.6 million compared to BD 113.9 million in 2017. Based on this strong performance the organisation approved the distribution of dividends to its shareholders. Commenting on the year’s performance, BMMI Chairman of the Board, Mr. Abdulla Hassan Buhindi, said, “It gives me great pride to announce that BMMI was, once more, able to deliver positive financial results.
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