united power company ( SAOG )

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Initial un-audited financial results for 3 month period ended 31 March 2016

United Power Company SAOG announces its initial un-audited results for the 3-month period ended 31 March 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 3-month period ended 31 March 2016

United Power Company SAOG

Comprehensive income

Initial un-audited financial results for 3 month period ended 31 March 2016

  March      2016 RO’000 March       2015 RO’000 Change RO’000 Change %
Revenue 2,486 2,563 (77) -3.00
Direct/Indirect Cost (2,282) (2,248) (34) -0.46
Other income - - - -
Finance Cost 10 10 - -
Taxation (20) (34) 14 41.18
Profit after tax 174 271 (97) -35.79

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 3-month period ended 31 March 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 April 29, 2016