united power company ( SAOG )

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Annual initial un-audited financial results for the year ended 31 Dec 2015

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.