UECS
Pursuant to Article 3 of Rules and Guidelines on Disclosure by Issuer of Securities and Insider Trading issued by Capital Market Authority, United Power Company SAOG is pleased to disclose the following annual un-audited financial results for the year ended 31 December 2014:
|
|
2014
|
2013 |
Percentage of change % |
|
|
RO`000 |
RO`000 |
|
| Operating Revenue |
10,376 |
11,400 |
(9.0%) |
| Operating Costs |
9,124 |
10,418 |
12.4% |
| Gross Profit |
1,252 |
982 |
27.5% |
| Finance Costs |
96 |
119 |
19.3% |
| Profit Before Tax |
1,156 |
863 |
34.0% |
| Income Tax |
136 |
101 |
(34.7%) |
| Net Profit for the year |
1,020 |
762 |
33.9% |
1. The above-reported numbers represent initial un-audited results and are subject to approval and confirmation by:
i. Statutory auditors;
ii. Audit Committee and Board of Directors; and
iii. Shareholders of the Company.
2. The comparative figures for the year 2013 are extracts from the audited results.
