FINANCIAL NEWS

Oman’s NDC hits sales revenue of USD60.47m in 2014

03 Mar 2015

(MENAFN) National Detergent Co. (NDC), one of the leading FMCG companies in the sultanate, has posted total sales revenue of USD60.47 million for full-year 2014, compared with USD56.13 million a year earlier, Muscat Daily reported.

Consolidated profit operations came in at USD2.92 million, against USD3.62 million in 2013. Profit before tax for 2014 stood at USD2.35 million as compared with USD3.07 million in 2013.

The reduction in profitability was mainly due to increased manpower costs and other operational expenditure.

The board of directors of the company reported a 40 percent dividend per share.

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