Initial Unaudited Financial Results for the period ended 30 June 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 30 June 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 |
75,431 |
71,768 |
5.10% |
|
Operating costs |
(56,936) |
(52,980) |
-7.47% |
|
Operating profit |
18,495 |
18,788 |
-1.56% |
|
General and administrative expenses |
(710) |
(578) |
-22.84% |
|
Finance costs |
(6,261) |
(7,132) |
12.21% |
|
Profit before tax |
11,524 |
11,078 |
4.03% |
|
Tax expense |
(1,376) |
(1,539) |
10.59% |
|
Net Profit |
10,148 |
9,539 |
6.38% |
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