Mubasher: National Mineral Water Company reported an increase in profits in the fourth quarter of 2016 by 11.44% year-on-year, according to the company’s statement to the Muscat Securities Market (MSM) on Wednesday.
Losses reached OMR 213,780 ($553,400) in Q4-16 compared to OMR 191,840 ($496,600) in Q4-15, the statement indicated.
The company also said that losses declined by 26.4% to OMR 541,500 in 2016 from OMR 735,710 in the year before.
Revenues went down 13.16% in 2016 and totalled OMR 7.24 million compared to OMR 8.34 million in 2015.
