Mubasher: Galfar Engineering and Contracting Company’s initial financial results showed a net loss of OMR 7.32 million ($18.96 million) for the fourth quarter of fiscal 2016, 72.65% down from OMR 26.76 million ($69.32 million) for Q4-15.
In the fiscal year 2016, the company trimmed losses by 79.98% to OMR 5.78 million from OMR 28.86 million for fiscal 2015, according to a bourse filing.
Total revenues for fiscal 2016 reached OMR 340.07 million, falling 1.5% compared to OMR 345.23 million for fiscal 2015.
