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11 July 2024
Initial Unaudited Financial Results for the 6-month period ended 30 June 2024
Initial Unaudited Financial Results for the 6-month period ended 30 June 2024
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 6-month period ended 30 June 2024, and a comparison with the same period of the preceding financial year.
|
| 6-month-2024 RO’000s Unaudited | 6-month-2023 RO’000s Unaudited | Percentage change |
| Revenues | 37,918 | 26,174 | 44.9% |
| Direct costs | (26,805) | (15,347) |
|
| Gross profit | 11,113 | 10,827 | 2.6% |
| Other income | 228 | 195 |
|
| General and administrative expenses | (426) | (397) |
|
| Profit before interest and tax | 10,915 | 10,625 | 2.7% |
| Finance costs | (2,530) | (3,031) |
|
| Finance income | 70 | 13 |
|
| Profit before tax | 8,455 | 7,607 | 11.1% |
| Tax expense | (1,146) | (1,083) |
|
| Net profit for the period | 7,309 | 6,524 | 12.0% |
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.