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FINANCIAL NEWS
Oman’s Napco revenue reaches 28 percent to USD 64.17mn
04 Apr 2016
(MENAFN) National Aluminum Products Co. (Napco), one of GCC leading extruders of aluminum has recorded a notable performance last year, achieving growth in the local markets.
Moreover, the firm revenues of USD 64.17mn, compared to USD 50.2mn in 2014, introducing a rise of 28 percent, which also signed a net profit of USD 2.018mn.
However, despite a challenging business environment for the aluminum industry, the company organized to increase the capacity utilization of its current plant.
In addition, the management implemented dynamic plans across the year in order to enhance cost efficiencies in the future.
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