Mubasher: Oman Chromite Co. turned to losses in the first quarter of 2016, according to a bourse statement.
The company posted losses of OMR 26,670 ($69,060) in Q1-16, against profits of OMR 172,170 ($445,790) in Q1-15.
Total revenues declined 72% to OMR 167,560 ($435,164) during the period, compared to OMR 605,500 ($1.57 million).
