Mubasher: Al Kamil Power’s initial unaudited financial statements showed a year-on-year rise in the company’s net profit for the third quarter of fiscal 2016 to OMR 1.26 million ($3.27 million), versus OMR 1.1 million ($2.83 million) for Q3-15.
Net profit after tax increased in the first nine months of 2016 by 13.31% to OMR 2.95 million, compared to OMR 2.61 million for the same period last year, according to a bourse filing released on Monday.
Operating revenue reached OMR 10.77 million in the January-September period this year, 21.14% down from OMR 13.66 million a year ago.
The company earlier posted a net profit of OMR 1.7 million for the first half of 2016, compared to OMR 1.5 million for H1-15.
