SMNP
SMN Power Holding SAOG
Disclosure of the Initial Un-audited Financial Results for the year ended 31 December 2014
Muscat, Oman, 29 January 2015. SMN Power Holding SAOG announces un-audited consolidated results for the year ended 31 December 2014.
Pursuant to Article 3 of Rules and Guidelines on Disclosure by Issuer of Securities and Insider Trading issued by Capital Market Authority, SMN Power Holding SAOG is pleased to disclose the following annual un-audited consolidated financial results for the year ended 31 December 2014.
|
|
2014 RO ‘000 Un-audited |
2013 RO ‘000 Audited |
Variance (%) |
|
|
|
|
|
| Operating Revenues |
77,885 |
74,560 |
4.46% |
| Operating costs |
(56,076) |
(52,645) |
6.52% |
| Gross Profit |
21,809 |
21,915 |
-0.48% |
| Administrative and General Expenses |
(1,050) |
(1,030) |
1.94% |
| Profit from Operations |
20,759 |
20,885 |
-0.60% |
| Finance Costs |
(10,916) |
(11,967) |
-8.78% |
| Profit Before Tax |
9,843 |
8,918 |
10.37% |
| Taxes |
(1,225) |
(1,074) |
14.06% |
| Net Profit for the Year |
8,618 |
7,844 |
9.87% |
|
|
|
|
|
| Net Earnings / Share (Bzs/Share) |
43 |
39 |
9.87% |
The above reported numbers represent initial un-audited consolidated results and are subject to approval and confirmation by SMN Power Holding SAOG Statutory Auditors, Audit Committee, Board of Directors and Shareholders.
Disclosure of the approved audited consolidated Financial Statements for the year ended 31 December 2014 shall be issued in accordance with the Executive Regulation of the Capital Market Law after the Board of Directors meeting of SMN Power Holding SAOG to be held on 25 February 2015.
