BATP
Al Batinah Power Company SAOG (the “Company”) is pleased to disclose the following initial unaudited financial results for the 3-month period ended 31 March 2015, and a comparison with the same period of the preceding financial year.
|
|
3-month 2015 RO Unaudited |
3-month 2014 RO Unaudited |
Percentage Change |
| Revenues |
8,054,959 |
6,455,947 |
24.8% |
| Direct costs |
(7,546,436) |
(5,867,326) |
|
| Gross profit |
508,523 |
588,621 |
-13.6% |
| General and administrative expenses |
(230,196) |
(309,447) |
|
| Profit before interest and tax |
278,327 |
279,174 |
-0.3% |
| Finance costs |
(2,897,582) |
(3,059,713) |
|
| (Loss) before tax |
(2,619,255) |
(2,780,539) |
5.8% |
| Tax expense |
(610,297) |
(933,303) |
|
| Net (loss) |
(3,229,552) |
(3,713,842) |
13.0% |
The above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.
