Mubasher: Gulf Stone’s initial unaudited results showed a year-on-year increase of 135.9% in the company’s profits for the third quarter of the fiscal year 2016.
Net profit reached OMR 120,160 ($310,980) in Q3-16, versus OMR 50,930 ($131,810) for Q3-15, according to a bourse filing released on Tuesday.
In the first nine months of the year, net profit after tax rose 270.33% to OMR 319,330 from OMR 86,230 for the same period of 2015.
Total sales amounted to OMR 3.8 million in the nine-month period, 3.2% up from OMR 3.7 million for the same period last year.
The company earlier posted a net profit of OMR 199,170 for H1-16, versus OMR 35,300 for H1-15.
