Salalah Port Services Q4 profit falls to OMR5.2m

Mubasher: Salalah Port Services posted unaudited financial statements for the fourth quarter of 2015, which showed a decline by 1.5% in net profit to OMR 5.18 million ($13.4 million), from OMR 5.26 million ($13.6 million) in the prior-year period.

The company’s fourth quarter revenues totaled OMR 50.68 million, down from OMR 53.53 million in the corresponding period a year ago.

Financial results for the first nine months of 2015 earlier showed OMR 3.2 million net profit, compared with OMR 4.5 million.

At 11:50am Muscat time, the company’s stock fell by 2.24% to reach OMR 0.130.

Mubasher Contribution Time: 07-Jan-2016 07:54 (GMT)