The management of the Company is pleased to disclose its initial, unapproved, unaudited results for three month period ended 31 March 2017, as required by the CMA Circular E/2/2016. For three month period ended 31 March 2017 For three month period ended 31 March 2016 Percentage change RO RO Revenue 18,321,451 17,723,207 3.38% Cost of sales (10,431,193) (9,664,895) 7.93% Gross profit 7,890,258 8,058,312 -2.09% Administrative and general expenses (143,814) (206,054) -30.21% Profit before interest and tax 7,746,444 7,852,258 -1.35% Finance income 55,001 22,628 143.07% Finance costs (3,987,942) (4,263,512) -6.46% Profit before tax 3,813,503 3,611,374 5.60% Income tax expense (note) (3,542,121) (434,532) 715.16% Profit after tax for the year 271,382 3,176,842 -91.46% Note: Significant increase in income tax expense is due to one off deferred tax expense impact arising from change of tax law in Oman.
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1 event,The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 25 April 2017: The Board approved and authorised for issuance the Company’s Financial Statements and Management Discussion and Analysis report for the period ended 31 March 2017. |
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