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 2016, and a comparison with the same period of the preceding financial year.
|
|
6-month-2016 |
6-month-2015 |
Percentage change |
|
Revenues |
34,363 |
32,487 |
5.8% |
|
Direct costs |
(23,567) |
(21,736) |
|
|
Gross profit |
10,796 |
10,751 |
0.4% |
|
General and administrative expenses |
(385) |
(404) |
|
|
Profit before interest and tax |
10,411 |
10,347 |
0.6% |
|
Finance costs (net) |
(5,512) |
(5,835) |
|
|
Profit before tax |
4,899 |
4,512 |
8.6% |
|
Tax expense |
(705) |
(1,221) |
|
|
Net profit for the period |
4,194 |
3,291 |
27.4% |
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.
