united power company ( SAOG )

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initial un-audited results for the 9-month period ended 30 September 2016.

United Power Company SAOG announces its initial un-audited results for the 9-month period ended 30 September 2016.

Pursuant to Circular K/2/2016 on the Disclosure of Initial Quarterly Financial Results issued by the Capital Market Authority, United Power Company SAOG is pleased to disclose the following initial un-audited financial results for the 9-month period ended 30 September 2016

United Power Company SAOG

Comprehensive income 

Initial un-audited financial results for 9 month period ended 30 September 2016

 

September  2016

RO’000

September  2015

RO’000

Change

RO’000

Change

%

Revenue

7,910

8,182

(272)

-3.32%

Direct/Indirect Cost

(7,261)

(7,237)

(24)

-0.33%

Other income

-

-

-

-

Finance Cost

(66)

(55)

(11)

-20.0%

Taxation

(67)

(105)

38

36.19

Profit after tax

516

785

(269)

-34.27

 

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 un-audited Financial Statements for the 9-month period ended 30 September 2016 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 October 20, 2016