Galfar Engineering Q4 financials turn negative

Mubasher: Galfar Engineering and Contracting posted a negative turn in the fourth quarter of 2015, registering losses worth OMR 23.3 million ($60.3 million) against profits worth OMR 2.17 million ($5.62 million) in Q4-14.

The company’s losses reached OMR 26.6 million in the fiscal year 2015, against earnings worth approximately OMR 197,000 in 2014. 

Mubasher Contribution Time: 14-Feb-2016 07:28 (GMT)