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SMN Power FY14 profit grows 10%

SMN Power FY14 profit grows 10%
​ Photo Credit: Arabianeye-Reuters
SMN Power
SMNP
-3.38% 0.35 -0.01


Financial statements for SMN Power Holding for the fiscal year (FY) ending December 31, 2014, revealed a profit growth by 9.87% to OMR 8.62 million ($22.4 million)  against OMR 7.8  million ($20.3 million) during the same period of 2013.


Financials for the Company showed also a rise in the operational revenues to OMR 77.9 million during the same period, compared to OMR 74.6 million.


SMN Power had reported an increase in profit to OMR 6.6 million during the nine-month period ending September 30, 2014, compared to OMR 6.395 million during the corresponding period of 2013.