Mubasher: The preliminary financial results delivered by Al Batinah Power Company showed a decline of 7.9% year-on-year in net losses for the fourth quarter of 2015.
Losses shrank to OMR 2.9 million in Q4-15, versus OMR 3.15 million in the same period of 2014.
The company’s profit for 2015 reached OMR 7.08 million, compared to OMR 5.01 million in 2014.
The Muscat-listed company earlier reported a net profit of OMR 10 million in the first nine months of 2015, against OMR 8.16 million in the same period of 2014.
