Donations during 2018 Solar power initiative
September 26, 2018Board of Directors Resolution Disclosure
October 25, 2018Company News
2018-10-15
Initial Unaudited Financial Results for the 9 month period ended 30 September 2018
Initial Unaudited Financial Results for the 9 month period ended 30 September 2018
Al Suwadi Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 9 month period ended 30 September 2018, and a comparison with the same period of the preceding financial year.
|
|
9 month 2018 RO’000s Unaudited |
9 month 2017 RO’000s Unaudited |
Percentage change |
|
Revenues |
63,058 |
61,227 |
3.0% |
|
Direct costs |
(40,861) |
(39,113) |
|
|
Gross profit |
22,197 |
22,114 |
0.4% |
|
General and administrative expenses |
(549) |
(547) |
|
|
Profit before interest and tax |
21,648 |
21,567 |
0.4% |
|
Finance costs (net) |
(8,040) |
(8,570) |
|
|
Profit before tax |
13,608 |
12,997 |
4.7% |
|
Tax expense |
(2,061) |
(4,160) |
|
|
Net profit for the period |
11,547 |
8,837 |
30.7% |
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.
Muhammad Fawad Akhtar
Company Secretary