SMN Power Holding SAOG announced its un-audited consolidated earnings results for the financial year ended 31 December 2017. For the period, the company reported operating revenue of OMR 93,320,000 against OMR 87,995,000 a year ago. Profit from operations was OMR 20,051,000 against OMR 19,984,000 a year ago. Profit before tax was OMR 11,374,000 against OMR 13,322,000 a year ago. Net profit was OMR 6,743,000 or 34 Bz per share against OMR 11,758,000 or 59 BZ per share a year ago. As compared to the prior year same period, the net profit is reduced due to: one-off adjustment included in the prior year Finance Charges for a gain on Provision for Site Restoration (non-cash item) amounting to OMR 2.6 million; revaluation of the Deferred Tax Liability following the change in corporate income tax rate from 12% to 15% which was effective from 1st January 2017. The adjustment has caused a significant increase in tax expense of OMR 3,067,000 in the current period.