The Management of Phoenix Power Company SAOG (the “Company”) is pleased to disclose the following initial un-audited financial results for the year ended 31 December 2024 and a comparison with previous financial year.
|
|
2024 |
2023 |
Percentage Change |
|
RO’000 |
RO’000 |
||
|
Unaudited |
audited |
|
|
|
Operating revenue |
167,785 |
158,491 |
5.86% |
|
Operating costs |
(129,530) |
(119,508) |
-8.39% |
|
Operating profit |
38,256 |
38,983 |
-1.87% |
|
General and administrative expenses |
(1,505) |
(1,468) |
-2.49% |
|
Finance costs |
(9,751) |
(11,719) |
16.79% |
|
Profit before tax |
27,000 |
25,796 |
4.67% |
|
Tax expense |
(4,001) |
(3,875) |
-3.25% |
|
Net Profit |
22,999 |
21,921 |
4.92% |
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