Initial Unaudited Financial Results for the period ended 30 September 2019.
The Management of Phoenix Power Company SAOG (the “Company”) is pleased to disclose the following initial un-audited financial results for the period ended 30 September 2019 and a comparison with the same period of the preceding calendar year.
2019
2018
Percentage
Change
RO’000
RO’000
Unaudited
Unaudited
Operating revenue
110,318
109,228
1.00%
Operating costs
(74,402)
(73,359)
-1.42%
Operating profit
35,916
35,869
0.13%
General and administrative expenses
(912)
(1,007)
9.43%
Finance costs
(13,598)
(14,387)
5.48%
Profit before tax
21,406
20,475
4.55%
Tax expense
(1,794)
(1,702)
-5.41%
Net Profit
19,612
18,773
4.47%
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.
_________________________
Koichi Matsumoto
Chief Financial Officer / Disclosure Officer