Mubasher: Asaffa Foods’ initial un-audited financial results showed a fall of 59.3% in the company’s profits for the fourth quarter of the fiscal year 2016 to OMR 480,000 ($1.24 million), compared to OMR 1.18 million ($3.05 million) for Q4-15.
Profits for fiscal 2015 declined 22.6% to OMR 4.49 million from OMR 5.8 million for fiscal 2015, according to a bourse statement.
Total revenues reached OMR 30.5 million in fiscal 2016, 4.2% down from OMR 31.86 million for fiscal 2015.
