Renaissance Services turns to losses in Q4-15

Mubasher: Renaissance Services Company posted on Sunday net losses of OMR 29.4 million in the fourth quarter of 2015, versus a net profit of OMR 8.32 million in the same period of 2014.

Annual losses reached OMR 30.027 million last year, compared to profit of OMR 25.4 million in 2014.

The Muscat listed company earlier reported net losses of OMR 0.6 million in the first nine months of 2015, versus profit of OMR 17.1 million in the same period of 2014.

Mubasher Contribution Time: 14-Feb-2016 10:29 (GMT)