The Management of Phoenix Power Company SAOG (the "Company") is pleased to disclose the following initial un-audited financial results for the half year ended 30 June 2018 and a comparison with the same period of the preceding calendar year.
|
|
2018-Jun (6 months) |
2017-Jun (6 months) |
Percentage Change |
|
|
RO'OOO |
RO'OOO |
|
|
|
Unaudited |
Unaudited |
|
|
Operating revenue |
61,529 |
62,133 |
-0.97% |
|
Operating costs |
(43,604) |
(45,059) |
3.23% |
|
Operating profit |
17,925 |
17,074 |
4.98% |
|
Other income |
- |
5,348 |
-100.00% |
|
General and administrative expenses |
(710) |
(771) |
7.91% |
|
Finance costs |
(9,782) |
(10,553) |
7.31% |
|
Profit before tax |
7,433 |
11,098 |
-33.02% |
|
Tax expense |
(1,023) |
(7,061) |
85.51% |
|
Net Profit |
6,410 |
4,037 |
58.78% |
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