Mubasher: Areej Vegetable Oils and Derivatives Company reported profits of OMR 653,170 ($1.69 million) in Q4-16 against losses of OMR 40,090 ($103,730) in Q4-15.
As for the annual results, profits declined by 41.36% to OMR 1.55 million in 2016 compared to OMR 2.64 million in 2015, , according to the company’s statement to the Muscat Securities Market (MSM) on Monday.
Sales increased by 2% and totalled OMR 85.7 million in last year compared to OMR 84.02 million in the year before, the statement indicated.
