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 June 2022 and a comparison with the same period of the preceding calendar year.
|
|
2022 |
2021 |
Percentage Change |
|
|
RO’000 |
RO’000 |
|
|
|
Unaudited |
Unaudited |
|
|
Operating revenue |
71,768 |
72,069 |
-0.42% |
|
Operating costs |
(52,980) |
(55,252) |
4.11% |
|
Operating profit |
18,788 |
16,817 |
11.72% |
|
General and administrative expenses |
(578) |
(552) |
-4.71% |
|
Finance costs |
(7,132) |
(7,724) |
7.66% |
|
Profit before tax |
11,078 |
8,541 |
29.70% |
|
Tax expense |
(1,539) |
(1,292) |
-19.12% |
|
Net Profit |
9,539 |
7,249 |
31.59% |
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.
_________________________
Ahmed Al Abri
Chief Financial Officer / Disclosure Officer