Mubasher: Asaffa Foods Company posted a 16% year-on-year decline in its profits during the third quarter of 2016, according to the un-audited financial results.
Profits reached OMR 1.05 million ($2.73 million) in Q3-16, compared to OMR 1.25 million ($3.23 million) in Q3-15.
Net income after tax retreated 13.1% to OMR 4.01 million in the first nine months of 2016, compared to OMR 4.62 million in the same period of 2015.
Total revenues reached OMR 23.14 million in the nine-month period of 2016, a decline of 4.46% from OMR 24.22 million in the prior-year period.
