Board of Directors Resolutions’ Disclosure
April 25, 2019Unclaimed Dividends
July 18, 2019Company News
2019-07-15
Initial Unaudited Financial Results for the 6-month period ended 30 June 2019
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.