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Shell Oman Q1 profits slip 2.6%

Shell Oman Q1 profits slip 2.6%
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Shell Oman
SOMS
2.47% 0.83 0.02

Muscat – Mubasher: Shell Oman Marketing posted a 2.6% fall in net profits for the first quarter of the fiscal year 2015, the company said in a bourse filing Monday.

The company reported OMR 2.592 million in net profits, compared with OMR 2.661 million in the first quarter of FY14.

FY14 net profits fell by 12.4% to OMR 9.2 million, from OMR 10.5 million a year earlier.