Initial Unaudited Financial Results for the period ended 31 March 2023.
The Management of Phoenix Power Company SAOG (the “Company”) is pleased to disclose the following initial un-audited financial results for the period ended 31 March 2023 and a comparison with the same period of the preceding calendar year.
|
|
2023 |
2022 |
Percentage Change |
|
RO’000 |
RO’000 |
||
|
Unaudited |
Unaudited |
|
|
|
Operating revenue |
22,808 |
20,606 |
10.69% |
|
Operating costs |
(23,051) |
(20,299) |
-13.56% |
|
Operating profit / (Loss) |
(243) |
307 |
-179.15% |
|
General and administrative expenses |
(353) |
(287) |
-23.00% |
|
Finance costs |
(3,127) |
(3,520) |
11.16% |
|
Loss before tax |
(3,723) |
(3,500) |
-6.37% |
|
Tax expense |
(688) |
(769) |
10.53% |
|
Net Loss |
(4,411) |
(4,269) |
-3.33% |
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