Initial Unaudited Financial Results for the period ended 30 June 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 30 June 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 |
79,953 |
75,431 |
5.99% |
|
Operating costs |
(61,786) |
(56,936) |
-8.52% |
|
Operating profit |
18,167 |
18,495 |
-1.77% |
|
General and administrative expenses |
(773) |
(710) |
-8.87% |
|
Finance costs |
(5,191) |
(6,261) |
17.09% |
|
Profit before tax |
12,203 |
11,524 |
5.89% |
|
Tax expense |
(1,849) |
(1,376) |
-34.38% |
|
Net Profit |
10,354 |
10,148 |
2.03% |
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