Mubasher: Al Anwar Holdings Group’s profits declined 15.2% in the fourth quarter ended on 31 March 2017, compared to the same period in 2016, according to the company’s unaudited financial statements.
Quarterly profits reached OMR 2.8 million ($7.2 million), compared to OMR 3.3 million ($8.5 million) in the year before.
The company achieved OMR 6.49 million in profits in the fiscal year ended on 31 March 2017, compared to OMR 5.97 million in the year earlier, according to the statement.
The company’s losses decreased 85.8% in the third quarter ended on 31 December 2016, reaching OMR 190,000 compared to OMR 1.34 million in the same period year-to-year.
Net profits of the nine months ended on 31 December 2016 reached OMR 3.68 million after taxes, compared to OMR 2.69 million in the corresponding period a year earlier, showing an increase of 36.8%.
Al Anwar’s stock closed Thursday 1.39% lower at OMR 0.212 with a trading value of OMR 588,834 through trading 2.76 million shares.
