Company News
2018-07-11
Initial Unaudited Financial Results for the 6 month period ended 30 June 2018
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 2018, and a comparison with the same period of the preceding financial year.
|
|
6 month 2018 RO’000s Unaudited |
6 month 2017 RO’000s Unaudited |
Percentage change |
|
Revenues |
37,609 |
35,715 |
5.3% |
|
Direct costs |
(26,191) |
(24,319) |
|
|
Gross profit |
11,418 |
11,396 |
0.2% |
|
General and administrative expenses |
(388) |
(395) |
|
|
Profit before interest and tax |
11,030 |
11,001 |
0.3% |
|
Finance costs (net) |
(5,347) |
(5,642) |
|
|
Profit before tax |
5,683 |
5,359 |
6.0% |
|
Tax expense |
(1,641) |
(3,778) |
|
|
Net profit for the period |
4,042 |
1,581 |
155.7% |
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.