Mubasher: Computer Stationary Industry Company posted on Wednesday net losses of OMR 12,440 ($32,200) for the second quarter of the fiscal year 2016, against a net profit of OMR 77,830 ($201,470) for Q2-15.
The company’s earnings declined in the first half of fiscal 2016 by 67.46% to OMR 78,760, compared to OMR 242,080 in the same period of 2015.
Total sales fell in H1-16 by 24.4% to OMR 1.08 million from OMR 1.43 million in H1-15, according to a bourse filing.
The company earlier reported a net profit of OMR 91,200 for Q1-16, versus OMR 164,250 for Q1-15.
