Oman Fisheries announced its financial results to Muscat Securities Market (MSM) during the third quarter ending December 31, 2014, reporting a loss surge by 83% to OMR 998 THD ($2.6 million), compared to OMR 545 THD ($1.42 million) during the same period of 2013.
The Company’s total sales rose 27% to OMR 18.1 million during third quarter of 2014, compared to OMR 14.2 million during the same period of 2013.
Financials for the Oman-listed firm showed a rise by 42% in total costs during the period to OMR 13.745 million against OMR 9.7 million.
Worth noting, the Company’s losses reached OMR 593.4 THD during the fiscal year ending March 30, 2014, compared to OMR 70.1 THD during the fiscal year, March 31, 2013.
Photo Credit: Arabianeye-Reuters
