Company News
2019-10-14

Initial Unaudited Financial Results for the 9 month period ended 30 September 2019


Date: 13th October 2019

 

 

Initial Unaudited Financial Results for the 9 month period ended 30 September 2019

 

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 2019, and a comparison with the same period of the preceding financial year.

 

 

9 month 2019

RO’000s

Unaudited

9 month 2018

RO’000s

Unaudited

Percentage change

Revenues

64,121

63,058

1.7%

Direct costs

(42,198)

(40,861)

 

Gross profit

21,923

22,197

-1.2%

General and administrative expenses

(548)

(549)

 

Profit before interest and tax

21,375

21,648

-1.3%

Finance costs (net)

(7,466)

(8,040)

 

Profit before tax

13,909

13,608

2.2%

Tax expense

(1,315)

(2,061)

 

Net profit for the period

12,594

11,547

9.1%

 

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