Everyone is expecting a USD2bil profit which is AED7.36bil
Target is AED4.25b
Profit above target is AED3.11
25% of that is AED0.7775b or AED777.5mil
According to last years Annual report the company paid a total salary of AED6.345bil for the year. Which is about AED122mil a week in salary
Assuming they are not paying more salary this year, the Company will only have about 6.37 weeks to share. That is the 777.5 mil in to 122mil.
Well, I am no actuary or accountant. My reasoning could be totally flawed.
This is what I'm expecting. I wish it was more....
I can't compare it with the 3 weeks they gave last year since there was no target. The year before, that we got nothing. And I don't have the report from the earlier years to see if my reasoning is consistent with the profit share payout.
Obviously, the company is paying more salary this year. So, I guess, we might get less than 6 weeks.
SOMEONE PLEASE PROVE ME WRONG.
