Unclaimed Dividends
January 6, 2021Resignation of a member of the Board of Directors
February 10, 2021Company News
2021-01-14
Initial Annual Unaudited Financial Results for the year ended 31 December 2020
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2020, and a comparison with the preceding year ended 31 December 2019.
|
| Year ended 31 December 2020 RO’000s Unaudited | Year ended 31 December 2019 RO’000s Audited | Percentage change |
| Revenues | 50,627 | 49,206 | 2.9% |
| Direct costs | (29,026) | (27,728) |
|
| Gross profit | 21,601 | 21,478 | 0.6% |
| Other income | - | 52 |
|
| General and administrative expenses | (823) | (800) |
|
| Profit before interest and tax | 20,778 | 20,730 | 0.2% |
| Finance costs (net) | (8,446) | (9,320) |
|
| Profit before tax | 12,332 | 11,410 | 8.1% |
| Tax expense | (1,716) | (1,665) |
|
| Net profit | 10,616 | 9,745 | 8.9% |
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.