Sohar Power SAOG (SHPS)

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News

15 October 2017 10:29 PM Sohar Power profits rise 29%

Mubasher: The unaudited financial statements of Sohar Power showed a rise in profits by 28.89% year-on-year for the third quarter of 2017, according to a bourse filing. The company said in a statement to the Muscat Securities Market (MSM) that …

Financial Results

15 January 2017 11:46 AM Sohar Power Q4 profits down 55.6%

Mubasher: Sohar Power initial financial results showed a fall of 55.6% in the company’s profits for the fourth quarter of fiscal 2016 to OMR 900,000 ($2.3 million), versus OMR 2.03 million ($5.25 million) for Q4-15. Net profit for fiscal 2016, …

Financial Results

8 November 2016 02:30 PM MSM-listed energy firms’ Q3 profit rises 1.3%

By: Salama Abdulrahman Mubasher: The financial statements of the energy companies listed on the Muscat Securities Market (MSM) showed a year-on-year growth in their total net profits for the third quarter of fiscal 2016. Total profits of 11 listed …

Financial Results

16 October 2016 01:21 PM Sohar Power Q3 profit rises 42%

Mubasher: Sohar Power’s net profit for the third quarter of the fiscal year 2016 rose by 42% to OMR 1.73 million ($4.5 million), versus OMR 1.22 million ($3.16 million) for Q3-15. Net profit for the first nine months of 2016 reached OMR 3.6 …

Financial Results

7 September 2016 04:16 PM NBO assigns sell rating to Sohar Power

Mubasher: The National Bank of Oman recommended Sell rating on Sohar Power, with a price target (PT) of OMR 0.234 per share, according to a report by the bank’s Investment Banking Division. The report said that the price target is 9.3% less that …

Ratings

28 August 2016 00:37 PM Omani power firms’ profits rise 5.4% in Q2

By: Salama Abdulrahman Mubasher:  The financial statements of the power companies listed in the Muscat Securities Market (MSM) for the second quarter of fiscal 2016 showed an increase of 5.4% in their profits, compared to the same period of 2015. …

Sector Reports

19 July 2016 08:49 AM Sohar Power posts higher profits in Q2

Mubasher: Sohar Power reported a 806.7% growth in its second-quarter profits, according to a bourse statement. Profits reached OMR 1.36 million ($3.52 million) in Q2-16, compared to OMR 150,000 ($388,500) in Q2-15. In the first half of 2016, …

Cash Dividends

30 March 2016 11:52 AM Sohar Power’s OGM approves 8.2% dividends for FY15

Mubasher: Sohar Power Company’s ordinary general meeting agreed yesterday to distribute cash dividends at 8.2% of the issued capital (8.2 Baisas per share) for the fiscal year 2015, according to a bourse filing released on Wednesday. The company’s …

Cash Dividends

12 November 2015 08:45 AM Sohar Power’s BoD approves 7.1% increase in cash dividend

Mubasher: The board of directors (BoD) of Sohar Power Company agreed, in an ordinary general meeting held Wednesday, on increasing  7.1% or 7.1 Omani baisa as cash dividends for the fiscal period ended in 30 September as per its audited financial …

Cash Dividends

22 October 2015 10:42 AM Invitation for Ordinary General Meeting

The Board of Directors of Sohar Power Company SAOG is pleased to invite all shareholders of the Company to attend an Ordinary General Meeting of the Company scheduled to be held at 5:00 PM on Wednesday 11th November 2015 at the Nizwa-Bahla Hall at …

14 October 2015 01:17 PM initial un-audited results for the 9-month period ended 30 September 2015.

Sohar Power Company SAOG announces initial un-audited results for the 9-month period ended 30 September 2015.   Pursuant to Circular E/5/2014 on the Disclosure of Initial Quarterly Financial Results issued by the Capital Market Authority, Sohar …

21 July 2015 00:49 PM Disclosure - Board of Directors' Resolutions

The Board of Directors of Sohar Power Company SAOG is pleased to advise the Muscat Securities Market and the investors’ community that it has resolved the following in its meeting held on 15 July 2015:   Approval of the Unaudited Financial …

21 May 2015 01:38 PM Disclosure related to technical issues at Sohar power and desalination plant

Sohar Power Company would like to disclose the following information related to two technical incidents that occurred during the first semester of 2015 and will have an impact on the company financials for this year. Sea water flood incident …

19 April 2015 00:12 PM Sohar Power sees 41% profit drop in Q1

 Oman – Mubasher: Sohar Power announced a 41.2% profit plunge in its profits for the first quarter of 2015, reaching OMR 361,000 compared to OMR 614,000 in Q1-14, the company said in a filing to the Muscat Securities Market (MSM).Sohar …

Company News

12 March 2015 01:56 PM Invitation and Agenda for the Annual Ordinary General Meeting

Invitation and Agenda for the Annual Ordinary General Meeting   The Board of Directors of Sohar Power Company SAOG (the “Company”) is pleased to invite all shareholders of the Company to attend the Annual Ordinary General Meeting of the …

9 September 2014 02:59 PM MSM ends above 7500 pts amid high liquidity

Muscat Securities Market (MSM) indices ended Tuesday in the green amid high liquidity as the benchmark index rose again above 7500 points, adding 0.33% or 24.58 points and closing at 7515.25 points.Liquidity increased …

Stock Evaluations

1 September 2014 02:31 PM MSM begins September with OMR 17 mln loss on profit-taking, low liquidity

Muscat Securities Market (MSM) indices declined during the first session in September as the benchmark index shed 0.15% or 11.22 pts, closing at 7355.94 pts. Moreover, Al Sharia Index fell 0.17% to 1070.31 pts.Market …

Banking and Finance