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 2015:
|
|
2015
|
2014 |
Percentage of change % |
|
|
RO`000 |
RO`000 |
|
|
Operating Revenue |
10,927 |
10,376 |
5.3% |
|
Operating Costs |
9,618 |
9,124 |
(5.4%) |
|
Gross Profit |
1,309 |
1,252 |
4.6% |
|
Finance Costs |
95 |
96 |
1.0% |
|
Profit Before Tax |
1,214 |
1,156 |
5.0% |
|
Income Tax |
143 |
136 |
(5.1%) |
|
Net Profit for the year |
1,071 |
1,020 |
5.0% |
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 2014 are extracts from the audited results.
