2016-04-14

Initial un-audited financial results for 3 month period ended 31 March 2016

Sohar Power Company SAOG announces initial un-audited results for the 3-month period ended 31 March 2016.
Pursuant to Circular K/2/2016 on the Disclosure of Initial Quarterly Financial Results issued by the Capital Market Authority, Sohar Power Company SAOG is pleased to disclose the following initial un-audited financial results for the 3-month period ended 31 March 2016.
 
 Sohar Power Company SAOG
 Comprehensive income
Initial un-audited financial results for 3 month period ended 31 March 2016
 

	March 2016 RO’000	March 2015 RO’000	Change RO’000	Change %
Revenue	16,309	14,998	1,311	8.74%
Direct/Indirect Cost	(13,792)	(12,546)	(1,246)	9.93%
Finance Cost	(1,831)	(1,909)	78	-4.09%
Taxation	(176)	(182)	6	-3.30%
Profit after tax	510	361	149	41.27%

 The above reported numbers represent initial un-audited results and are subject to approval and confirmation by Sohar Power Company SAOG Audit Committee and Board of Directors.
 Disclosure of the approved un-audited Financial Statements for the 3-month period ended 31 March 2016 shall be issued in accordance with the Executive Regulation of the Capital Market Law after the Board of Directors meeting of Sohar Power Company SAOG to be held on April 20, 2016.