Mubasher: Omani Packaging’s financial results showed an increase in profits in the fourth quarter of 2016 by 3.08% compared to figures from the same period in 2015.
The company’s profits rose to OMR 325,510 ($842,170) in Q4-16, versus OMR 315,780 ($817,000) in the same period last year, according to a statement to the bourse.
Annually, the Omani company’s net profits after taxes were up by 37.19% to OMR 1.32 million in 2016, from OMR 959,710 in 2015.
As for revenues, they amounted to OMR 12.77 million in 2016 versus OMR 13.69 million in 2015, down 6.67%.
