The Management of Phoenix Power Company SAOG (the company") is pleased to disclose the following initial un-audited financial results for the nine months ended 30 September 2018 and a comparison with the same period of the preceding calendar year.
|
|
2018-Sep (9 months) |
2017-Sep (9 months) |
Percentage Change |
|
|
RO'OOO |
RO'OOO |
|
|
|
Unaudited |
Unaudited |
|
|
Operating revenue |
109,228 |
108,511 |
0.66% |
|
Operating costs |
(73,359) |
(72,978) |
-0.52% |
|
Operating profit |
35,869 |
35,533 |
0.95% |
|
Other income |
- |
5,348 |
-100.00% |
|
General and administrative expenses |
(1,007) |
(1,091) |
7.70% |
|
Finance costs |
(14,387) |
(15,612) |
7.85% |
|
Profit before tax |
20,475 |
24,178 |
-15.32% |
|
Tax expense |
(1,702) |
(7,998) |
78.72% |
|
Net Profit |
18,773 |
16,180 |
16.03% |
The above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company's Audit Committee