Financial statements for Al Jazeira Services for the fiscal year (FY) ending December 31, 2014, revealed a profit increase by three percent to OMR 4.6 million ($11.9 million) against OMR 4.7 million ($12.1 million) during the same period last year.
The parent company’s profit reached OMR 4.58 million during the period compared to OMR 4.70 million, registering a decrease by three percent.
Furthemore, the parent company’s operational revenues dropped 8% to OMR 1.8 million during the same period, compared to OMR 2.1 million. While the whole group’s operational revenues plunged 78%.
Unaudited interim consolidated financial results for Al Jazeira Services showed a net profit drop by 5% to OMR 3.682 million during the nine-month period ending September 30, 2014 compared to OMR 3.890 million during the same period of 2013.
Photo Credit: Arabianeye-Reuters
