united power company ( SAOG )

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Initial unaudited financial results for the year ended 31 December 2018

United Power Company SAOG is pleased to disclose the following initial unaudited financial results for the year ended 31 December 2018.

 

December 2018

RO’000

December

  2017

RO’000

Change

%

December 2018

RO’000

Revenue

 5,710

 5,742

 (32)

-0.56%

Direct/Indirect Cost

 (5,159)

 (5,235)

 76

1.45%

Finance Cost

 -  

 (3)

 3

100.00%

Taxation

 (95)

 (113)

 18

15.93%

Profit after tax

 456

 391

 65

16.62%

 

The above reported numbers represent initial un-audited results and are subject to approval and confirmation by United Power Company SAOG Audit Committee and the Board of Directors.

Disclosure of the approved audited Financial Statements for ended 31 December 2018 shall be issued in accordance with the Executive Regulation of the Capital Market Law after the Board of Directors meeting of United Power Company SAOG to be held on January 20, 2019.

 

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