Appointment of Chief Financial Officer
April 8, 2019Board of Directors Resolutions Disclosure
April 25, 2019Company News
2019-04-14
Initial Unaudited Financial Results for the 3 month period ended 31 March 2019
Initial Unaudited Financial Results for the 3 month period ended 31 March 2019
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 2019, and a comparison with the same period of the preceding financial year.
|
|
3 month 2019 RO’000s Unaudited |
3 month 2018 RO’000s Unaudited |
Percentage change |
|
Revenues |
11,957 |
12,127 |
-1.4% |
|
Direct costs |
(11,325) |
(11,445) |
|
|
Gross profit |
632 |
682 |
-7.3% |
|
General and administrative expenses |
(228) |
(238) |
|
|
Profit before interest and tax |
404 |
444 |
-9.0% |
|
Finance costs (net) |
(2,451) |
(2,646) |
|
|
Loss before tax |
(2,047) |
(2,202) |
7.0% |
|
Tax expense |
(439) |
(419) |
|
|
Net loss for the period |
(2,486) |
(2,621) |
5.2% |
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.
______________________
Preetam Saraf
Company Secretary