Company News
    2024-07-11

    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.