Mubasher: Dhofar Poultry on Sunday reported a 55.9% year-on-year drop in profits for the second quarter of 2017.
The poultry company achieved a net profit after taxes of OMR 46,000 ($119,110), compared to OMR 104,330 ($270,150) in the same period last year, according to a statement to the Muscat Securities Market (MSM).
The results showed a hike in operating profits by 118.4% to reach OMR 68,750 in Q2-17, up from OMR 31,480 in the same period of the year before.
In the first half of the year, Dhofar Poultry’s profits fell 51% to OMR 111,290, compared to OMR 227,030 in the corresponding period of 2016.
The Omani company had previously reported a decline in its profits for Q1-17 by 46.8% to reach OMR 65,290, compared to OMR 122,700 in Q1-16.
