Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2020, and a comparison with the preceding year ended 31 December 2019.
|
| Year ended 31 December 2020 RO’000s Unaudited | Year ended 31 December 2019 RO’000s Audited | Percentage change |
| Revenues | 50,627 | 49,206 | 2.9% |
| Direct costs | (29,026) | (27,728) |
|
| Gross profit | 21,601 | 21,478 | 0.6% |
| Other income | - | 52 |
|
| General and administrative expenses | (823) | (800) |
|
| Profit before interest and tax | 20,778 | 20,730 | 0.2% |
| Finance costs (net) | (8,446) | (9,320) |
|
| Profit before tax | 12,332 | 11,410 | 8.1% |
| Tax expense | (1,716) | (1,665) |
|
| Net profit | 10,616 | 9,745 | 8.9% |
The above reported numbers represent initial and unaudited financial results and are subject to audit and approval and confirmation by the Company’s Audit Committee and Board of Directors.
