Initial un-audited financial results for 9 month period ended 30 September 2017
Sohar Power Company SAOG announces initial un-audited results for the 9-month period ended 30 September 2017.
Pursuant to Circular K/2/2016 on the Disclosure of Initial Quarterly Financial Results issued by the Capital Market Authority, Sohar Power Company SAOG is pleased to disclose the following initial un-audited financial results for the 9-month period ended 30 September 2017.
Sohar Power Company SAOG
Comprehensive income
Initial un-audited financial results for 9 month period ended 30 September 2017
|
|
September 2017 RO’000 |
September 2016 RO’000 |
Change % |
| Revenue |
48,000 |
51,066 |
-6.00% |
| Direct/Indirec Cost |
(38,816) |
(42,123) |
7.50% |
| Other income |
- |
403 |
-100.00% |
| Finance Cost |
(4,872) |
(5,378) |
9.41% |
| Profit before tax |
4,312 |
3,968 |
8.67% |
| Taxation (note) |
(3,460) |
(374) |
-825.13% |
| Profit after tax |
852 |
3,594 |
-76.29% |
Note: The increase in Taxation is due to the impact of the increase in Income Tax from 12% to 15%.
The above reported numbers represent initial un-audited results and are subject to approval and confirmation by Sohar Power Company SAOG Audit Committee and Board of Directors.
Disclosure of the approved un-audited Financial Statements for the 9-month period ended 30 September 2017 shall be issued in accordance with the Executive Regulation of the Capital Market Law after the Board of Directors meeting of Sohar Power Company SAOG to be held on October 23, 2017
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