Packaging Co profits decline 7.9% in Q4

Mubasher: Packaging Co. reported a decline of 7.9% to OMR 128,540 in the fourth quarter of 2016 compared with OMR 139,510 for the same period a year earlier.

As for the full year financial results, the company posted net profits of OMR 834,210 up 62% from OMR 515,000 in the previous year.

Earlier, the company reported its net profits for the first nine months of 2016 that reached OMR 705,670 compared with OMR 375,510 for the comparable period of the previous year.

Mubasher Contribution Time: 11-Jan-2017 06:57 (GMT)
Mubasher Last Update Time: 11-Jan-2017 06:57 (GMT)