2016-10-13

Initial un-audited results for the 9-month period ended 30 September 2016.

Sohar Power Company SAOG announces initial un-audited results for the 9-month period ended 30 September 2016.

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 2016.

                                          

Sohar Power Company SAOG

Comprehensive income 

Initial un-audited financial results for 9 month period ended 30 September 2016

	September  2016 RO’000	September  2015 RO’000	Change RO’000	Change %
Revenue	51,066	46,460	4,606	9.91%
Direct/Indirect Cost	(42,123)	(38,433)	(3,690)	-9.60%
Other income	403	-	403	100.00%
Finance Cost	(5,378)	(5,755)	377	6.55%
Taxation	(374)	(546)	172	31.50%
Profit after tax	3,594	1,726	1,868	108.23%

 

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 2016 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 19, 2016.