Initial Unaudited Financial Results for the 6 month period ended 30 June 2019
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 2019, and a comparison with the same period of the preceding financial year.
|
| 6 month 2019 RO’000s Unaudited | 6 month 2018 RO’000s Unaudited | Percentage change |
| Revenues | 38,096 | 37,609 | 1.3% |
| Direct costs | (26,708) | (26,191) |
|
| Gross profit | 11,388 | 11,418 | -0.3% |
| General and administrative expenses | (397) | (388) |
|
| Profit before interest and tax | 10,991 | 11,030 | -0.4% |
| Finance costs (net) | (4,987) | (5,347) |
|
| Profit before tax | 6,004 | 5,683 | 5.7% |
| Tax expense | (877) | (1,641) |
|
| Net profit for the period | 5,127 | 4,042 | 26.8% |
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
