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Sembcorp Salalah expects OR11m in 2014 profits

: Thursday, February 27 - 2014 @ 00:59

Sembcorp Salalah Power and Water Co has posted a net profit of OR11.14m for the year 2013, up from a net profit of OR902,749 in the previous year, Muscat Daily has reported. The company said it expects to meet its forecast net profit of OR10.94mn for 2014, as projected in its initial public offering (IPO) prospectus last year. “The 2013 financial performance has shown significant improvement over 2012, as the company has been fully operational throughout 2013, whereas in 2012 the company achieved full commercial operation on May 25, 2012. Hence, 2013 is the first year of full commercial operation,” the firm said in its annual report.

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Thursday, February 27- 2014 @ 0:59 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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