Unclaimed Dividends
December 19, 2018Board of Directors resolutions’ disclosure
February 24, 2019Company News
2019-01-15
Initial Annual Unaudited Financial Results for the year ended 31 December 2018
Al Suwadi Power Company SAOG (the “Company”) is pleased to disclose the following initial annual unaudited financial results for the year ended 31 December 2018, and a comparison with the preceding year ended 31 December 2017.
|
|
Year ended 31 December 2018 RO’000s |
Year ended 31 December 2017 RO 000s’ |
Percentage change |
|
Unaudited |
Audited |
||
|
Revenues |
76,623 |
73,220 |
4.6>#/b### |
|
Direct Costs |
(53,597) |
(50,668) |
|
|
Gross Profit |
23,026 |
22,552 |
2.1>#/b### |
|
Other income |
19 |
20 |
|
|
General and administrative expenses |
(779) |
(763) |
|
|
Profit before interest and tax |
22,266 |
21,809 |
2.1>#/b### |
|
Finance costs (net) |
(10,574) |
(11,329) |
|
|
Profit before tax |
11,692 |
10,480 |
11.6>#/b### |
|
Tax expense |
(2,683) |
(4,828) |
|
|
Net profit |
9,009 |
5,652 |
59.4>#/b### |
The above reported numbers represent initial and unaudited financial results and are subject to statutory audit and approval and confirmation by the Company’s Audit Committee and Board of Directors.