Initial Unaudited Financial Results for the 9 month period ended 30 September 2018
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 2018, and a comparison with the same period of the preceding financial year.
|
| 9 month 2018 RO’000s Unaudited | 9 month 2017 RO’000s Unaudited | Percentage change |
| Revenues | 63,058 | 61,227 | 3.0% |
| Direct costs | (40,861) | (39,113) |
|
| Gross profit | 22,197 | 22,114 | 0.4% |
| General and administrative expenses | (549) | (547) |
|
| Profit before interest and tax | 21,648 | 21,567 | 0.4% |
| Finance costs (net) | (8,040) | (8,570) |
|
| Profit before tax | 13,608 | 12,997 | 4.7% |
| Tax expense | (2,061) | (4,160) |
|
| Net profit for the period | 11,547 | 8,837 | 30.7% |
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.
Muhammad Fawad Akhtar
Company Secretary
