Resolutions of the Ordinary Annual General Meeting (AGM)
March 20, 2018Board of Directors Resolutions Disclosure
April 24, 2018Company News
2018-04-13
Initial unaudited financial results for the 3 month period ended 31 March 2018
Al Suwadi Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 3 month period ended 31 March 2018, and a comparison with the same period of the preceding financial year.
|
|
3 month 2018 RO’000s Unaudited |
3 month 2017 RO’000s Unaudited |
Percentage change |
|
Revenues |
12,127 |
10,509 |
15.4% |
|
Direct costs |
(11,445) |
(9,870) |
|
|
Gross profit |
682 |
639 |
6.7% |
|
General and administrative expenses |
(238) |
(229) |
|
|
Profit before interest and tax |
444 |
410 |
8.3% |
|
Finance costs (net) |
(2,646) |
(2,741) |
|
|
Loss before tax |
(2,202) |
(2,331) |
5.5% |
|
Tax expense |
(419) |
(3,397) |
|
|
Net loss for the period |
(2,621) |
(5,728) |
54.2% |
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.