Oman Ceramics posts higher profits in Q3

Mubasher: Oman Ceramics posted a 478% year-on-year rise in its profits during the third quarter of 2016, according to a bourse statement.

Profits reached OMR 2,890 ($7,490) in Q3-16, compared to OMR 500,000 ($1,300) in Q3-15.

In the first nine months of 2016, profits grew 105.6% to OMR 75,130 from OMR 36,550 in the same period of 2015.

Total revenues declined 14.7% to OMR 2.78 million in the nine-month period of 2016, compared to OMR 3.26 million in the prior-year period.

Mubasher Contribution Time: 17-Oct-2016 08:52 (GMT)
Mubasher Last Update Time: 17-Oct-2016 08:52 (GMT)