Napco H1 profits decline 99%

Mubasher: National Aluminium Products Company (Napco) posted on Wednesday a net profit of OMR 3,000 ($7,800) for the first half of the fiscal year 2016, 99.2% down from OMR 364,000 ($942,200) for the same period of 2015.

Total revenues declined in H1-16 by 26.3% to OMR 9.11 million from OMR 12.36 million for H1-15, according to a bourse filing.

Napco earlier reported a net profit of OMR 141,000 for Q1-16, versus OMR 165,000 for Q1-15.

Mubasher Contribution Time: 24-Aug-2016 10:37 (GMT)
Mubasher Last Update Time: 24-Aug-2016 10:37 (GMT)