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 September 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 |
123,266 |
122,402 |
0.71% |
|
Operating costs |
(85,513) |
(86,817) |
1.50% |
|
Operating profit |
37,753 |
35,585 |
6.09% |
|
General and administrative expenses |
(878) |
(880) |
0.23% |
|
Finance costs |
(10,314) |
(11,384) |
9.40% |
|
Profit before tax |
26,561 |
23,321 |
13.89% |
|
Tax expense |
(2,308) |
(1,937) |
-19.15% |
|
Net Profit |
24,253 |
21,384 |
13.42% |
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