Unclaimed Dividends
December 19, 2018Resignation of a member of the Board of Directors
January 28, 2019Company News
2019-01-15
Initial Annual Unaudited Financial Results for the year ended 31 December 2018
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.