Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2022, and a comparison with the preceding year ended 31 December 2021.
|
| Year ended 31 December 2022 RO’000s Unaudited | Year ended 31 December 2021 RO’000s Audited | Percentage change |
| Revenues | 66,774 | 52,045 | 28.3% |
| Direct costs | (45,023) | (30,562) |
|
| Gross profit | 21,751 | 21,483 | 1.2% |
| Other income | 61 | - |
|
| General and administrative expenses | (873) | (808) |
|
| Profit before interest and tax | 20,939 | 20,675 | 1.3% |
| Finance costs (net) | (6,622) | (7,685) |
|
| Profit before tax | 14,317 | 12,990 | 10.2% |
| Tax expense | (2,148) | (1,866) |
|
| Net profit | 12,169 | 11,124 | 9.4% |
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.
