National Detergent Q4 profits fall 47.5%

Mubasher: National Detergent initial unaudited financial results showed a decline of 47.5% in the company’s profits for the fourth quarter of fiscal 2016 to OMR 97,710 ($252,910), compared to OMR 186,090 ($481,700) for Q4-15.

In fiscal 2016, profits increased 61.3% to OMR 1.11 million from OMR 686,860 for fiscal 2015, according to a bourse filing released on Thursday.

Total sales declined in 2016 by 2.5% to OMR 22.02 million from OMR 22.57 million in 2015.

Mubasher Contribution Time: 12-Jan-2017 09:37 (GMT)
Mubasher Last Update Time: 12-Jan-2017 09:37 (GMT)

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