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Al Batinah Power posts higher Q3 profits

Al Batinah Power posts higher Q3 profits
Net profit for the first nine months of 2016 rose by about 10% (Photo credit: Company's website) :
Al Batinah Power
BATP
-1.25% 0.08 -0.00

Mubasher: Al Batinah Power’s profits for the third quarter of the fiscal year 2016 grew by 1.5% to OMR 6.8 million ($17.6 million), versus OMR 6.7 million ($17.3 million) for Q3-15.

Net profit for the first nine months of 2016 leapt by about 10% to OMR 11 million from OMR 10 million for the corresponding period of 2015, according to a bourse filing released on Sunday.

The company earlier reported a net profit of OMR 4.19 million for the first half of 2016, compared to OMR 3.29 million H1-15.