Mubasher: Oman Chromite posted a 29.88% jump in losses to OMR 126,300 ($327,200) in the fourth quarter of 2015, compared to OMR 97,290 ($251,900) in the same quarter of 2014, according to a bourse filing on Tuesday.
In the fiscal year 2015, profits plunged 81.52% to OMR 57,412 ($147,670) from OMR 310,800 ($804,870) in the fiscal year 2014.
The board recommended cash dividends representing 10% of the company’s capital or 100 baisa per share, totalling OMR 3 million.
