Company News
    2020-07-13

    Initial Unaudited Financial Results for the 6-month period ended 30 June 2020


    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.