Mubasher: Al Anwar Ceramic Tiles reported a decline in profits by 51.6% in the second quarter of the year, as per the company’s unaudited financial results.
The company said in a statement to the Muscat Securities Market (MSM) on Tuesday, that profits reached OMR 486,090 in the second quarter of 2017 compared to OMR 1 million in the same period last year.
Similarly, profits also declined in the first half of the year by 51.94% to OMR 1.04 million down from OMR 2.15 million in H1-16, the statement noted.
