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FINANCIAL NEWS
Oman-based NAPCO’s revenue soars 37 percent in Jan-Sep
17 Nov 2015
(MENAFN) NAPCO, the Oman-based National Aluminum Products Company has reported a solid performance for the three months to September timeframe, based on recent reports.
The firm has registered a jump of 37 percent in total income over the first nine months to hit USD47 million as opposed to USD34.8 million posted in last year’s cited period.
Additionally, the firm registered a gross profit of USD1.4 million over September, a surge of 20 percent, as compared to USD1.2 million during the same period of the prior year.
NAPCO seems to hold a strong position in the industry due to a deep support by policies of the GCC states that continue to focus on the variation of their respective national incomes.
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