Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 3-month period ended 31 March 2016, and a comparison with the same period of the preceding financial year.
|
|
3-month-2016 RO Unaudited |
3-month-2015 RO Unaudited |
Percentage change |
|
Revenues |
9,905,038 |
8,054,959 |
23.0% |
|
Direct costs |
(9,345,106) |
(7,546,436) |
|
|
Gross profit |
559,932 |
508,523 |
10.1% |
|
General and administrative expenses |
(191,619) |
(230,196) |
|
|
Profit before interest and tax |
368,313 |
278,327 |
32.3% |
|
Finance costs (net) |
(2,751,856) |
(2,897,582) |
|
|
(Loss) before tax |
(2,383,543) |
(2,619,255) |
9.0% |
|
Tax expense |
(352,302) |
(610,297) |
|
|
Net (loss) for the period |
(2,735,845) |
(3,229,552) |
15.3% |
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.
