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FINANCIAL NEWS
Oman Flour Mills posts RO12mn increase in revenue
01 Jun 2017
(MENAFN) Oman Flour Mills Co. recorded a group net profit of RO12.14mn for the nine months period ended March this year, against a revenue of RO8.92mn in 2016.
Moreover, the growth in profit is attributable to higher sales and a fall in prices of raw materials and grains, while its sales volume in the cited period grew almost 5.9 percent.
Accordingly, the group recorded positive performance due to successful plans aimed at cutting production costs and also due to effective purchasing policies.
The firm”s subsidiary Modern Poultry Farms Co. achieved a net profit of RO450.000 compared to a net profit of RO448.000 amid the same period of 2016.
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MENAFN0106201700450000ID1095526662
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