Unclaimed Dividends
January 9, 2023Live Interactive Discussion Session – Financial Statements for Year 2022
February 27, 2023Company News
2023-01-14
Initial Annual Unaudited Financial Results for the year ended 31 December 2022
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2022, and a comparison with the preceding year ended 31 December 2021.
|
| Year ended 31 December 2022 RO’000s Unaudited | Year ended 31 December 2021 RO’000s Audited | Percentage change |
| Revenues | 66,774 | 52,045 | 28.3% |
| Direct costs | (45,023) | (30,562) |
|
| Gross profit | 21,751 | 21,483 | 1.2% |
| Other income | 61 | - |
|
| General and administrative expenses | (873) | (808) |
|
| Profit before interest and tax | 20,939 | 20,675 | 1.3% |
| Finance costs (net) | (6,622) | (7,685) |
|
| Profit before tax | 14,317 | 12,990 | 10.2% |
| Tax expense | (2,148) | (1,866) |
|
| Net profit | 12,169 | 11,124 | 9.4% |
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.