Mubasher: Al Jazeera Steel Products saw a 512% rise year-on-year in its profits during the fourth quarter of 2016, according to a bourse statement.
Profits reached OMR 1.53 million ($3.96 million) in Q4-16, compared to OMR 250,000 ($647,150) in Q4-15.
The company generated profits of OMR 4.6 million in 2016, up 152.8% from OMR 1.82 million in 2015.
Al Jazeera Steel’s stock advanced 4.71% to OMR 0.275 by 12:07pm UAE time, with a turnover of OMR 652,000 generated from the exchange of 2.44 million shares.
