Initial Unaudited Financial Results for the year ended 31 December 2022.
The Management of Phoenix Power Company SAOG (the “Company”) is pleased to disclose the following initial un-audited financial results for the year ended 31 December 2022 and a comparison with the same period of the preceding calendar year.
|
|
2022 |
2021 |
Percentage Change |
|
|
RO’000 |
RO’000 |
|
|
|
Unaudited |
Audited |
|
|
Operating revenue |
149,159 |
146,178 |
2.04% |
|
Operating costs |
(111,201) |
(110,775) |
-0.38% |
|
Operating profit |
37,958 |
35,403 |
7.22% |
|
General and administrative expenses |
(1,257) |
(1,127) |
-11.54% |
|
Finance costs |
(13,274) |
(14,963) |
11.29% |
|
Profit before tax |
23,427 |
19,313 |
21.30% |
|
Tax expense |
(3,065) |
(2,451) |
-25.05% |
|
Net Profit |
20,362 |
16,862 |
20.76% |
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