Board of Directors Resolutions’ Disclosure
July 23, 2020Board of Directors Resolutions’ Disclosure
October 28, 2020Company News
2020-10-13
Initial Unaudited Financial Results for the 9-month period ended 30 September 2020
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 2020, and a comparison with the same period of the preceding financial year.
|
| 9-month-2020 RO’000s Unaudited | 9-month-2019 RO’000s Unaudited | Percentage change |
| Revenues | 45,534 | 44,350 | 2.7% |
| Direct costs | (24,387) | (23,255) |
|
| Gross profit | 21,147 | 21,095 | 0.2% |
| General and administrative expenses | (571) | (548) |
|
| Profit before interest and tax | 20,576 | 20,547 | 0.1% |
| Finance costs (net) | (6,438) | (7,122) |
|
| Profit before tax | 14,138 | 13,425 | 5.3% |
| Tax expense | (1,336) | (1,227) |
|
| Net profit for the period | 12,802 | 12,198 | 5.0% |
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.