Initial Unaudited Financial Results for the period ended 31 March 2024.
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 2024 and a comparison with the same period of the preceding calendar year.
|
|
2024 |
2023 |
Percentage Change |
|
RO’000 |
RO’000 |
||
|
Unaudited |
Unaudited |
|
|
|
Operating revenue |
25,498 |
22,808 |
11.79% |
|
Operating costs |
(25,902) |
(23,051) |
-12.37% |
|
Operating profit |
(404) |
(243) |
-66.26% |
|
General and administrative expenses |
(399) |
(353) |
-13.03% |
|
Finance costs |
(2,605) |
(3,127) |
16.69% |
|
Profit before tax |
(3,408) |
(3,723) |
8.46% |
|
Tax expense |
(907) |
(688) |
-31.83% |
|
Net Loss |
(4,315) |
(4,411) |
2.18% |
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