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Oman Refreshment Q3 profit up 6%

Oman Refreshment Q3 profit up 6%
Total revenues reached OMR 59.07 million in the January-September period (Photo credit: Company's website)
Oman Refreshment
ORCI
-0.71% 1.40 -0.01

Mubasher: Oman Refreshment’s unaudited financial statements for the third quarter of fiscal 2016 showed a 6.3% rise in the company’s net profit to OMR 3.72 million ($9.63 million), versus OMR 3.5 million ($9.04 million) for Q3-15.

In the first nine months of the year, net profit grew 10.76% to OMR 7.81 million from OMR 7.05 million for the same period of 2015, according to a bourse filing released on Wednesday.

Total revenues reached OMR 59.07 million in the January-September period, 1.36% up from OMR 58.3 million for the corresponding period last year.

The company earlier posted a net profit of OMR 4.09 million for the first half of 2016, compared to OMR 3.56 million for H1-15.