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FINANCIAL NEWS
Oman’s Napco revenue hits USD34.95m in 9M
21 Dec 2014
(MENAFN) Oman’s National Aluminum Products Company (Napco) announced it has registered a net profit of over OMR USD1.25 million as well as revenues totaling to USD34.95 million during the January-September period of this year, Times of Oman reported.
Napco attributed the increase in its profit to being part of major projects in Oman and the rest of the region, including the Supreme Court in Muscat, Salalah Airport in Oman, as well as others in the UAE including the Dubai International Airport Expansion, Burj Khalifa and the Al Rayyan Complex.
“As the year comes to a close, Napco is proud to report excellent performance for the first three quarters and the increasing demand for our products gives us the confidence to look forward to higher revenues and profits at the end of 2014. Increasing volumes in sales and profitability are our set near term goals, which we hope to accomplish through aggressive marketing initiatives,” General Manager of Napco said.
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