Financial statements for Gulf Mushroom Products Co. for the fiscal year (FY) ending December 31, 2014, revealed a profit fall by 38% to OMR 316.74 THD ($44.45 THD) against OMR 511.2 THD ($71.74 THD) during the same period last year.
The Company’s revenues by the end of the year grew by four percent to OMR 6.14 million against OMR 5.9 million.
Financials for the Oman-listed firm showed a rise in costs during the period to OMR 5.8 million against OMR 5.3 million, registering an increase by eight percent.
It is worth noting that Gulf Mushroom Products Co. had reported a profit plunge by 52% during the first nine months of the year, ending September 30, 2014 to OMR 230.3 THD.
Photo Credit: Arabianeye-Reuters
