Mubasher: The unaudited financial results of Al Anwar Ceramics Tiles posted a decline of 72.8% in profits during the third quarter of 2016 as compared to the same period in the previous year.
Earnings amounted to nearly OMR 372,400 ($963,820) in Q3-16, compared to OMR 1.37 million ($3.55 million) in Q3-15.
During the nine-month period, profits retreated 52.7% to OMR 2.52 million this year as compared to OMR 5.33 million in the corresponding period a year ago.
Al Anwar Ceramics’ total revenues shrank 22.33% to OMR 16.8 million in the nine months of 2016 from OMR 21.6 million in the same period in 2015.
