Unclaimed Dividends
January 2, 2017Board of Directors resolutions’ disclosure
February 23, 2017Company News
2017-01-15
Initial Annual Unaudited Financial Results for the year ended 31 December 2016
Al Suwadi Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2016, and a comparison with the preceding year ended 31 December 2015.
|
|
Year ended 31 December 2016 RO’000s |
Year ended 31 December 2015 RO 000s’ |
Percentage change |
|
Unaudited |
Audited |
||
|
Revenues |
69,357 |
66,714 |
4.0% |
|
Direct Costs |
(46,108) |
(43,481) |
|
|
Gross Profit |
23,249 |
23,233 |
0.1% |
|
Other income |
60 |
45 |
|
|
General and administrative expenses |
(801) |
(749) |
|
|
Profit before interest and tax |
22,508 |
22,529 |
-0.1% |
|
Finance costs (net) |
(11,830) |
(12,666) |
|
|
Profit before tax |
10,678 |
9,863 |
8.3% |
|
Tax expense |
(1,610) |
(2,617) |
|
|
Net profit |
9,068 |
7,246 |
25.1% |
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.