Dhofar Poultry Q4 profits rise 294%

Mubasher: Dhofar Poultry Co. profits rose in the fourth quarter of 2015 by 293.99%.

The company’s net earnings reached OMR623,980 ($1.61 million) in the fourth quarter of 2015, compared to OMR158,370 ($409,820) for the same period in 2014, according to bourse filing.

Dhofar Poultry achieved OMR263,960 net profit during 2015, versus OMR749,240 loss in 2014.

The Muscat-listed company’s earnings in first nine months of 2015 were OMR360,020, against OMR907.620 million losses in same period of 2014.

Mubasher Contribution Time: 01-Mar-2016 13:15 (GMT)