SMN Power declares first results since IPO

11/02/2012 08:50 AST

Announcing its first financial results since its listing on the Muscat Securities Market (MSM), following its Initial Public Offering (IPO) last October, SMN Power Holding SAOG reported a net profit of RO 3.836 million for the 12 months ended December 31, 2011. This compares with net earnings of RO 1.190 million for the previous year.

Releasing its initial unaudited consolidated results representing the financial performances of Al Rusail and SMN Barka Power companies, the holding company revealed that operating revenues climbed to RO 81.520 million in 2011, up from RO 78.322 million a year earlier.

Operating costs rose to RO 60.626 million last year, up from RO 57.409 million in 2010.

SMN Power Company is a joint venture between UAE based Kahrabel FZE (a wholly owned subsidiary of International Power plc), Abu Dhabi based Mubadala and Oman based National Trading Co.


Oman Daily Observer

News

SMN Power Resolutions subsequent to the election of the new Board

01/04/2014

Muscat, Oman, 1 April 2014: The Board of Directors of SMN Power Holding SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investors’ communi

Press Release

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

SMNP Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
NLIF 0.32 0.00 (0.00%)
OTEL 0.88 0.00 (0.00%)
ORDS.MSM 0.50 0.00 (0.00%)
SSPW 0.24 0.00 (0.00%)
PHPC 0.14 0.00 (0.71%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap