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Salalah Mills posts OMR 5.5m profit in 2015

Salalah Mills posts OMR 5.5m profit in 2015
Archive photo - Salalah Mills Company
Salalah Mills
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Mubasher: Oman’s Salalah Mills Company reported a decline of 0.9% in profit for 2015 to OMR 5.51 million, versus OMR 5.56 million in 2014.

Total revenues came to OMR 68.25 million in 2015, compared to OMR 67.61 million a year earlier, according to the company’s financial statements.

The company’s board of directors recommended a cash dividend at 20% of capital, equivalent to 62 baisa per share.

Salalah Mills earlier posted a net profit of OMR 3.95 million in the first nine months of 2015, compared to OMR 4.61 million in the same period of 2014, with a drop of 14.3%.