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 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 |
137,305 |
130,812 |
4.96% |
|
Operating costs |
(99,743) |
(93,327) |
-6.87% |
|
Operating profit |
37,562 |
37,485 |
0.21% |
|
General and administrative expenses |
(1,170) |
(1,094) |
-6.95% |
|
Finance costs |
(7,625) |
(9,179) |
16.93% |
|
Profit before tax |
28,767 |
27,212 |
5.71% |
|
Tax expense |
(2,860) |
(2,063) |
-38.61% |
|
Net Profit |
25,907 |
25,149 |
3.01% |
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