Initial Unaudited Financial Results for the period ended 30 September 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 September 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 |
130,812 |
123,266 |
6.12% |
|
Operating costs |
(93,327) |
(85,513) |
-9.14% |
|
Operating profit |
37,485 |
37,753 |
-0.71% |
|
General and administrative expenses |
(1,094) |
(878) |
-24.60% |
|
Finance costs |
(9,179) |
(10,314) |
11.00% |
|
Profit before tax |
27,212 |
26,561 |
2.45% |
|
Tax expense |
(2,063) |
(2,308) |
10.62% |
|
Net Profit |
25,149 |
24,253 |
3.69% |
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