Board of Directors Resolutions Disclosure
April 25, 2019Unclaimed Dividends
July 18, 2019Company News
2019-07-15
Initial Unaudited Financial Results for the 6 month period ended 30 June 2019
Initial Unaudited Financial Results for the 6 month period ended 30 June 2019
Al Suwadi Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 6 month period ended 30 June 2019, and a comparison with the same period of the preceding financial year.
|
|
6 month 2019 RO’000s Unaudited |
6 month 2018 RO’000s Unaudited |
Percentage change |
|
Revenues |
38,096 |
37,609 |
1.3% |
|
Direct costs |
(26,708) |
(26,191) |
|
|
Gross profit |
11,388 |
11,418 |
-0.3% |
|
General and administrative expenses |
(397) |
(388) |
|
|
Profit before interest and tax |
10,991 |
11,030 |
-0.4% |
|
Finance costs (net) |
(4,987) |
(5,347) |
|
|
Profit before tax |
6,004 |
5,683 |
5.7% |
|
Tax expense |
(877) |
(1,641) |
|
|
Net profit for the period |
5,127 |
4,042 |
26.8% |
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.
______________________
Preetam Saraf
Company Secretary