Disclosure of the Initial Un-audited Financial Results for the nine-month period ended 30 September 2015

 

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.

 

Muscat Exchange News Contribution Time: 14-Oct-2015 09:01 (GMT)