SUWP
Al Suwadi 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 |
7,633,523 |
5,751,010 |
32.7% |
| Direct costs |
(6,950,567) |
(5,095,950) |
|
| Gross profit |
682,956 |
655,060 |
4.3% |
| Other income |
20,272 |
- |
|
| General & administrative expenses |
(236,512) |
(304,518) |
|
| Profit before interest and tax |
466,716 |
350,542 |
33.1% |
| Finance costs |
(3,166,307) |
(3,358,950) |
|
| (Loss) before tax |
(2,699,591) |
(3,008,408) |
10.3% |
| Tax expense |
(688,289) |
(1,021,172) |
|
| Net (loss) |
(3,387,880) |
(4,029,580) |
15.9% |
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.
