Appointment of a member of the Board of Directors Audit Committee and Nomination and Remuneration Committee
September 25, 2019Board of Directors Resolutions
October 24, 2019Company News
Date: 13th October 2019
Initial Unaudited Financial Results for the 9 month period ended 30 September 2019
Initial Unaudited Financial Results for the 9 month period ended 30 September 2019
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 2019, and a comparison with the same period of the preceding financial year.
|
|
9 month 2019 RO’000s Unaudited |
9 month 2018 RO’000s Unaudited |
Percentage change |
|
Revenues |
64,121 |
63,058 |
1.7% |
|
Direct costs |
(42,198) |
(40,861) |
|
|
Gross profit |
21,923 |
22,197 |
-1.2% |
|
General and administrative expenses |
(548) |
(549) |
|
|
Profit before interest and tax |
21,375 |
21,648 |
-1.3% |
|
Finance costs (net) |
(7,466) |
(8,040) |
|
|
Profit before tax |
13,909 |
13,608 |
2.2% |
|
Tax expense |
(1,315) |
(2,061) |
|
|
Net profit for the period |
12,594 |
11,547 |
9.1% |
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