Mubasher: Al Hassan Engineering’s initial unaudited financial statements showed a rise of 50% in the company’s net profit for the first quarter of fiscal year 2017 to OMR 78,000 ($202,000), compared to OMR 52,000 ($134,700) for Q1-16.
Total expenses decreased 28.7% to OMR 18.5 million from OMR 25.96 million during Q1-16, according to a bourse filing released on Sunday.
The company earlier reported a net loss of OMR 9.84 million for FY16.
