Appointment of a member of the Board of Directors
August 26, 2018Board of Directors Resolutions’ Disclosure
October 25, 2018Company News
2018-10-15
Initial Unaudited Financial Results for the 9-month period ended 30 September 2018
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 9-month period ended 30 September 2018, and a comparison with the same period of the preceding financial year.
|
| 9-month-2018 RO’000s Unaudited | 9-month-2017 RO’000s Unaudited | Percentage change |
| Revenues | 60,956 | 61,222 | -0.4% |
| Direct costs | (40,376) | (41,282) |
|
| Gross profit | 20,580 | 19,940 | 3.2% |
| General and administrative expenses | (535) | (559) |
|
| Profit before interest and tax | 20,045 | 19,381 | 3.4% |
| Finance costs (net) | (7,506) | (7,987) |
|
| Profit before tax | 12,539 | 11,394 | 10.1% |
| Tax | (1,157) | (3,836) |
|
| Net profit for the period | 11,382 | 7,558 | 50.6% |
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.