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 2018, and a comparison with the same period of the preceding financial year.
| 3-month-2018 RO’000s Unaudited | 3-month-2017 RO’000s Unaudited | Percentage change |
Revenues | 10,057 | 12,342 | -18.5>#/p### |
Direct costs | (9,705) | (12,644) |
|
Gross profit/(loss) | 352 | (302) | 216.5>#/p### |
General and administrative expenses | (176) | (186) |
|
Profit/(loss) before interest and tax | 176 | (488) | 136.1>#/p### |
Finance costs (net) | (2,473) | (2,559) |
|
(Loss) before tax | (2,297) | (3,047) | 24.6>#/p### |
Tax | (386) | (3,176) |
|
Net (loss) for the period | (2,683) | (6,223) | 56.9>#/p### |
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.
