Mubasher: Asaffa Foods reported net profits of OMR 4.81 million ($12.5 million) in the first nine months of 2015, down 10.1% from OMR 5.35 million ($13.9 million) in the same period of 2014, according to a bourse filing.
The profits decline is mainly attributed to a reduction in feed subsidy and an increase in tax liability.
The Omani poultry farmer made sales reached OMR 24.22 million as at 30 September 2015, compared to OMR 23.33 million during the corresponding period of 2014.
Tax liability increased to OMR 646,262 during the period, down from OMR 480,316.
