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 2016, and a comparison with the same period of the preceding financial year.
|
|
6-month 2016 RO’000 Unaudited |
6-month 2015 RO’000 Unaudited |
Percentage change |
|
Revenues |
32,842 |
31,283 |
5.0% |
|
Direct Costs |
(21,183) |
(20,038) |
|
|
Gross Profit |
11,659 |
11,245 |
3.7% |
|
Other income (net) |
- |
20 |
|
|
General and administrative expenses |
(419) |
(407) |
|
|
Profit before interest and tax |
11,240 |
10,858 |
3.5% |
|
Finance costs (net) |
(5,992) |
(6,309) |
|
|
Profit before tax |
5,248 |
4,549 |
15.4% |
|
Tax expense |
(808) |
(1,377) |
|
|
Net profit for the period |
4,440 |
3,172 |
40.0% |
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
