Board of Directors resolutions’ disclosure
March 27, 2019Board of Directors Resolutions’ Disclosure
April 25, 2019Company News
2019-04-15
Initial Unaudited Financial Results for the 3-month period ended 31 March 2019
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 3-month period ended 31 March 2019, and a comparison with the same period of the preceding financial year.
|
| 3-month-2019 RO’000s Unaudited | 3-month-2018 RO’000s Unaudited | Percentage change |
| Revenues | 12,669 | 10,057 | 26.0% |
Direct costs | (12,155) | (9,705) |
|
| Gross profit | 514 | 352 | 46.0% |
| General and administrative expenses | (186) | (176) |
|
| Profit before interest and tax | 328 | 176 | 86.4% |
| Finance costs (net) | (2,328) | (2,473) |
|
| (Loss) before tax | (2,000) | (2,297) | 12.9% |
| Tax | (414) | (386) |
|
| Net (loss) for the period | (2,414) | (2,683) | 10.0% |
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.