The Management of Phoenix Power Company SAOG is pleased to announce the initial unaudited financial results for the 6-month period ended 30 June 2015. The Management of Phoenix Power Company SAOG (the “Company”) is pleased to
disclose the following initial un-audited financial results for the 6-month period ended 30 June 2015 and a comparison with the same period of the preceding calendar year.
|General and administrative
|Profit (Loss) before tax||6,390||(75)||8620%|
|Net Profit (loss)||3,190||(75)||4353%|
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.
* Important note: for purposes of comparison, the Company advises that it started its operations in December 2014, therefore it has no operational revenue or cost for the same period in year 2014.