The Management of Phoenix Power Company SAOG (the “Company”) is pleased to disclose the following initial un-audited financial results for year ended 31 December 2018 and a comparison with the same period of the preceding calendar year.
|
|
2018 |
2017 |
Percentage Change |
|
|
RO’000 |
RO’000 |
|
|
|
Unaudited |
audited |
|
|
Operating revenue |
134,593 |
128,401 |
4.82% |
|
Operating costs |
(98,700) |
(92,886) |
-6.26% |
|
Operating profit |
35,893 |
35,515 |
1.06% |
|
Other income |
- |
5,348 |
-100.00% |
|
General and administrative expenses |
(1,173) |
(1,329) |
11.74% |
|
Finance costs |
(18,970) |
(20,628) |
8.04% |
|
Profit before tax |
15,750 |
18,906 |
-16.69% |
|
Tax expense |
(2,830) |
(8,922) |
68.28% |
|
Net Profit |
12,920 |
9,984 |
29.41% |
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.