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 2018, and a comparison with the same period of the preceding financial year.
|
| 6-month-2018 RO’000s Unaudited | 6-month-2017 RO’000s Unaudited | Percentage change |
| Revenues | 35,012 | 36,573 | -4.3% |
| Direct costs | (24,684) | (26,829) |
|
| Gross profit | 10,328 | 9,744 | 6.0% |
| General and administrative expenses | (356) | (382) |
|
| Profit before interest and tax | 9,972 | 9,362 | 6.5% |
| Finance costs (net) | (4,991) | (5,263) |
|
| Profit before tax | 4,981 | 4,099 | 21.5% |
| Tax | (771) | (3,505) |
|
| Net profit for the period | 4,210 | 594 | 608.7% |
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.
