Muscat, Oman, 14 October 2015. SMN Power Holding SAOG announces un-audited consolidated results for the 9-month period ended 30 September 2015.
Pursuant to Circular E/5/2014 Disclosure of Initial Quarterly Financial Results issued by the Capital Market Authority, SMN Power Holding SAOG is pleased to disclose the following un-audited consolidated financial results for the 9-month period ended 30 September 2015.
|
|
2015 RO ‘000 Un-audited |
2014 RO ‘000 Un-audited |
Variance (%) |
|
|
|
|
|
|
Operating Revenues |
83,734 |
60,689 |
38.0% |
|
Operating costs |
(66,994) |
(43,940) |
-52.5% |
|
Gross Profit |
16,740 |
16,749 |
-0.1% |
|
Administrative and General Expenses |
(879) |
(781) |
-12.5% |
|
Profit from Operations |
15,861 |
15,968 |
-0.7% |
|
Finance Costs |
(7,446) |
(8,441) |
11.8% |
|
Profit Before Tax |
8,415 |
7,527 |
11.8% |
|
Taxes |
(1,024) |
(935) |
-9.5% |
|
Net Profit for the Year |
7,391 |
6,592 |
12.1% |
|
|
|
|
|
|
Net Earnings / Share (Bzs/Share) |
37 |
33 |
12.1% |
The above reported numbers represent initial un-audited consolidated results and are subject to approval and confirmation by SMN Power Holding SAOG Audit Committee and Board of Directors.
Disclosure of the approved un-audited consolidated Financial Statements for the 9-month period ended 30 September 2015 shall be issued in accordance with the Executive Regulation of the Capital Market Law after the Board of Directors meeting of SMN Power Holding SAOG to be held on 5 November 2015.
