Mubasher: Oman Euro Foods Industries Company (OEFI) deepened its losses in the fourth quarter of 2015 by 26.3% to OMR 407,000, versus OMR 322,000 in the same period of 2014.
Net losses also widened by 31% to OMR 257,000 in 2015, compared to OMR 196,000 in 2014, according to a bourse filing.
During its meeting last Thursday, the Muscat listed company’s board of directors accepted the resignation of Mohammed Ali Bin Jaafar Bin Suleiman from his position as a board member, and appointed Mohamed Ali Al-Naqi in the audit committee.
OEFI earlier reported net losses of OMR 150,000 in the first nine months of 2015, versus OMR 126,000 in the same period of 2014.
