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 2019, and a comparison with the same period of the preceding financial year.
|
| 6-month-2019 RO’000s Unaudited | 6-month-2018 RO’000s Unaudited | Percentage change |
| Revenues | 27,780 | 35,012 | -20.7% |
| Direct costs | (17,058) | (24,684) |
|
| Gross profit | 10,722 | 10,328 | 3.8% |
| General and administrative expenses | (376) | (356) |
|
| Profit before interest and tax | 10,346 | 9,972 | 3.8% |
| Finance costs (net) | (4,744) | (4,991) |
|
| Profit before tax | 5,602 | 4,981 | 12.5% |
| Tax expense | (829) | (771) |
|
| Net profit for the period | 4,773 | 4,210 | 13.4% |
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.
