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FINANCIAL NEWS
Oman’s A’Saffa Foods posts OMR30mn net profit, aims expansion
02 Apr 2017
(MENAFN) A’Saffa Foods proclaimed that the firm’s whole sales for last year reached OMR30mn, while the board has confirmed an expansion plan to raise chicken meat production capacity by 100pct.
Furthermore, the total capital spending of the expansion will be OMR45mn and the expansion project will be installed in two phases; each phase will be 50 percent.
Meanwhile, the firm has acknowledged its contribution of its staff who worked hard to achieve goals that were set to maximize the shareholder returns in 2016.
Accordingly, the management continues to focus on dynamic markets and is committed to enhance previous performance records.
MENAFN0204201700450000ID1095360203
MENAFN0204201700450000ID1095360203
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