Postponement of Ordinary Annual General Meeting
March 18, 2020Board of Directors Resolutions’ Disclosure
April 23, 2020Company News
2020-04-14
Initial Unaudited Financial Results for the 3-month period ended 31 March 2020
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 3-month period ended 31 March 2020, and a comparison with the same period of the preceding financial year.
|
| 3-month-2020 RO’000s Unaudited | 3-month-2019 RO’000s Unaudited | Percentage change |
| Revenues | 6,272 | 12,669 | -50.5% |
| Direct costs | (5,817) | (12,155) |
|
| Gross profit | 455 | 514 | -11.6% |
| General and administrative expenses | (184) | (186) |
|
| Profit before interest and tax | 271 | 328 | -17.5% |
| Finance costs (net) | (2,123) | (2,328) |
|
| (Loss) before tax | (1,852) | (2,000) | 7.4% |
| Tax | (446) | (414) |
|
| Net (loss) for the period | (2,298) | (2,414) | 4.8% |
The above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.