Kuwait – Mubasher: The unaudited financial statements of Dhofar Poultry reported a decline of 47.9% in profits of the third quarter of 2016 as compared to the same period a year ago.
Earnings reached around OMR 26,730 ($69,180) in Q3-16 as compared to nearly OMR 51,300 ($132.78 million) in Q3-15, according to a bourse statement.
In the nine-month period, earnings shrank 32.9% to around OMR 241,670 as compared to OMR 360,020 in the same period of 2015.
The overall cost of sales soared 41.8% to OMR 5.94 million by the end of the nine months as compared to OMR 4.19 million in the same period of 2015.
