Mubasher: The financial statements of National Petroleum Co.(NPC) showed that the company profited JOD276,160 ($388,270) in the fourth quarter of 2015, against JOD151,800 ($21,3400) for the same quarter a year earlier.
The company’s FY15 net profit dropped 72.6% year-over-year from JOD1 ($1.41 million) million to JOD276,160 ($388,270).
In the first nine-month period, prpfits slipped by 32.22% to JOD790,950 ($1.11 million) compared to JOD1.16 million ($1.64 million) for the year-ago same period.
