Mubasher: Dhofar International Development and Investment Holding’s initial unaudited financial results showed a year-on-year decline of 67.2% in the company’s losses for the third quarter of fiscal 2016.
Net losses for Q3-16 reached OMR 1.5 million, compared to OMR 4.57 million for Q3-15, according to a bourse filing.
However, the Dhofar’s net profit after tax grew in the first nine months of 2016 by 88.2% to OMR 5.57 million, compared to OMR 2.96 million for the same period of 2015.
Total revenues increased 52.4% in the January-September period to OMR 10.50 million from OMR 6.89 million for the corresponding period last year.
The company earlier reported a net profit of OMR 7.07 million for the first half of 2016, versus OMR 7.53 million for H1-15.
