The Management of Phoenix Power Company SAOG is pleased to announce the initial unaudited financial results for the half year ended 30 June 2016.
The Management of Phoenix Power Company SAOG is pleased to disclose the following initial un-audited financial results for the half year ended 30 June 2016 and a comparison with the same period of the preceding calendar year.
|
|
Jun-16 |
Jun-15 |
Percentage Change |
|
RO’000 |
RO’000 |
||
|
Unaudited |
Unaudited |
||
|
Operating revenue |
50,772 |
52,197 |
-2.73% |
|
Operating costs |
(31,864) |
(33,211) |
4.06% |
|
Operating profit |
18,908 |
18,986 |
-0.41% |
|
General and administrative expenses |
(951) |
(941) |
-1.06% |
|
Finance costs |
(11,118) |
(11,655) |
4.61% |
|
Profit before tax |
6,839 |
6,390 |
7.03% |
|
Tax expense |
(2,348) |
(3,200) |
26.63% |
|
Net Profit |
4,491 |
3,190 |
40.78% |