Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2016, and a comparison with the preceding year ended 31 December 2015.
| Year ended 31 December 2016 RO’000s Unaudited | Year ended 31 December 2015 RO’000s Audited | Percentage change |
Revenues | 71,052 | 67,928 | 4.6% |
Direct costs | (49,603) | (46,044) |
|
Gross profit | 21,449 | 21,884 | -2.0% |
Other income | 115 | 13 |
|
General and administrative expenses | (789) | (751) |
|
Profit before interest and tax | 20,775 | 21,146 | -1.8% |
Finance costs (net) | (11,012) | (11,732) |
|
Profit before tax | 9,763 | 9,414 | 3.7% |
Tax expense | (1,468) | (2,330) |
|
Net profit | 8,295 | 7,084 | 17.1% |
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.
