United Power Q3 profit declines 33%

Mubasher: United Power reported on Sunday a net profit of OMR 164,000 ($424,480) for the third quarter of fiscal 2016, 33.1% down from OMR 245,000 ($634,120) for Q3-15.

In the first nine months of 2016, net profit fell 34.3% to OMR 516,000 from OMR 785,000 for the same period of 2015, according to a bourse filing.

Total revenues shrank 3.3% to OMR 7.91 million in the January-September period of 2016 , compared to OMR 8.18 million for the same period last year.

The company earlier posted a net profit of OMR 352,000 for the first half of 2016,,, versus
OMR 540,000 for H1-15.

Mubasher Contribution Time: 16-Oct-2016 10:38 (GMT)
Mubasher Last Update Time: 16-Oct-2016 10:38 (GMT)