Al Batinah Power Company SAOG
Initial Unaudited Financial Results for the 9-month period ended 30 September 2016
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 9-month period ended 30 September 2016, and a comparison with the same period of the preceding financial year.
|
|
9-month-2016 RO’000 Unaudited |
9-month-2015 RO’000 Unaudited |
Percentage change |
|
Revenues |
60,035 |
57,001 |
5.3% |
|
Direct costs |
(39,125) |
(35,802) |
|
|
Gross profit |
20,910 |
21,199 |
-1.4% |
|
Other income (net) |
55 |
- |
|
|
General and administrative expenses |
(556) |
(540) |
|
|
Profit before interest and tax |
20,409 |
20,659 |
-1.2% |
|
Finance costs (net) |
(8,354) |
(8,833) |
|
|
Profit before tax |
12,055 |
11,826 |
1.9% |
|
Tax expense |
(1,057) |
(1,831) |
|
|
Net profit for the period |
10,998 |
9,995 |
10.0% |
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.
