Company News
2016-10-13
Initial Unaudited Financial Results for the 9-month period ended 30 September 2016
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 2016, and a comparison with the same period of the preceding financial year.
|
|
9-month 2016 RO’000 Unaudited |
9-month 2015 RO’000 Unaudited |
Percentage change |
|
Revenues |
58,081 |
55,589 |
4.5% |
|
Direct Costs |
(35,545) |
(33,428) |
|
|
Gross Profit |
22,536 |
22,161 |
1.7% |
|
Other income (net) |
- |
20 |
|
|
General and administrative expenses |
(582) |
(552) |
|
|
Profit before interest and tax |
21,954 |
21,629 |
1.5% |
|
Finance costs (net) |
(9,011) |
(9,584) |
|
|
Profit before tax |
12,943 |
12,045 |
7.5% |
|
Tax expense |
(1,212) |
(2,065) |
|
|
Net profit for the period |
11,731 |
9,980 |
17.5% |
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.