Construction Material cuts loss by 19% in 2014

 

Construction Material Industry Co. announced its financials for the fiscal year ended December 31, 2014, in a bourse filing to the Muscat Securities Market (MSM) and reported a net loss of OMR 1.1 million ($2.8 million) compared to a loss of OMR 1.3 million ($3.4 million), registering a 19.2% decline in losses.

Total sales reached OMR 2.5 million in 2014 against OMR 3.4 million the year before.

The Omani firm had reported a net loss of OMR 255.363 thousand during the first nine months of 2014 against a loss of OMR 44.120 thousand during the same period the year before.

Mubasher Contribution Time: 18-Feb-2015 09:44 (GMT)