The Management of Phoenix Power Company SAOG is pleased to announce the initial unaudited financial results for the nine months ended 30 September 2016.
The Management of Phoenix Power Company SAOG is pleased to disclose the following initial un-audited financial results for the nine months ended 30 September 2016 and a comparison with the same period of the preceding calendar year.
|
|
Sep-16 |
Sep-15 |
Percentage Change |
|
RO’000 |
RO’000 |
||
|
Unaudited |
Unaudited |
||
|
Operating revenue |
95,591 |
89,835 |
6.41% |
|
Operating costs |
(58,834) |
(52,207) |
-12.69% |
|
Operating profit |
36,757 |
37,628 |
-2.31% |
|
General and administrative expenses |
(1,320) |
(1,601) |
17.55% |
|
Finance costs |
(16,480) |
(17,319) |
4.84% |
|
Profit before tax |
18,957 |
18,708 |
1.33% |
|
Tax expense |
(3,522) |
(4,800) |
26.63% |
|
Net Profit |
15,435 |
13,908 |
10.98% |
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.