Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2018, and a comparison with the preceding year ended 31 December 2017.
|
| Year ended 31 December 2018 RO’000s Unaudited | Year ended 31 December 2017 RO’000s Audited | Percentage change |
| Revenues | 75,138 | 70,643 | 6.4>#/b### |
| Direct costs | (53,957) | (50,297) |
|
| Gross profit | 21,181 | 20,346 | 4.1>#/b### |
| Other income | 115 | 25 |
|
| General and administrative expenses | (778) | (783) |
|
| Profit before interest and tax | 20,518 | 19,588 | 4.7>#/b### |
| Finance costs (net) | (9,871) | (10,562) |
|
| Profit before tax | 10,647 | 9,026 | 18.0>#/b### |
| Tax expense | (1,575) | (4,470) |
|
| Net profit | 9,072 | 4,556 | 99.1>#/b### |
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.
