Appointment of a new Chief Executive Officer
September 23, 2019Board of Directors Resolutions’ Disclosure
October 24, 2019Company News
2019-10-14
Initial Unaudited Financial Results for the 9-month period ended 30 September 2019
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 2019, and a comparison with the same period of the preceding financial year.
|
|
9-month-2019 RO’000s Unaudited |
9-month-2018 RO’000s Unaudited |
Percentage change |
|
Revenues |
44,350 |
60,956 |
-27.2% |
|
Direct costs |
(23,255) |
(40,376) |
|
|
Gross profit |
21,095 |
20,580 |
2.5% |
|
General and administrative expenses |
(548) |
(535) |
|
|
Profit before interest and tax |
20,547 |
20,045 |
2.5% |
|
Finance costs (net) |
(7,122) |
(7,506) |
|
|
Profit before tax |
13,425 |
12,539 |
7.1% |
|
Tax expense |
(1,227) |
(1,157) |
|
|
Net profit for the period |
12,198 |
11,382 |
7.2% |
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.