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Sohar Poultry annual profit soars by 77%

Sohar Poultry annual profit soars by 77%
Sohar Poultry
SPCI
0.00% 0.21 0.00
Sohar Poultry Company announced its unaudited financial results for the fiscal year (FY) ending June 30, 2014, during which it achieved a net profit of nearly OMR 633,000 compared to OMR 357,000 a year earlier, recording a significant increase in net profit by 77.3%.

The Company’s sales for the FY ending June 30, 2014 hit OMR 8.069 million compared to OMR 7.478 million during the same period the previous year, registering a 7.9% rise.

It is worth noting that Sohar Poultry’s profit for the said period includes the governmental support given as some raw materials included in production.