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 2020, and a comparison with the same period of the preceding financial year.
|
| 6-month-2020 RO’000s Unaudited | 6-month-2019 RO’000s Unaudited | Percentage change |
| Revenues | 22,711 | 27,780 | -18.2% |
| Direct costs | (11,959) | (17,058) |
|
| Gross profit | 10,752 | 10,722 | 0.3% |
| General and administrative expenses | (395) | (376) |
|
| Profit before interest and tax | 10,357 | 10,346 | 0.1% |
| Finance costs (net) | (4,281) | (4,744) |
|
| Profit before tax | 6,076 | 5,602 | 8.5% |
| Tax expense | (890) | (829) |
|
| Net profit for the period | 5,186 | 4,773 | 8.6% |
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.
