Oman – Mubasher: Galfar Engineering said its profits after taxes nosedived by around 99.5% to OMR 10,000 ($25,800) in the first half of 2015, compared to OMR 2.016 million ($5.215 million) in the same period of 2014, according to a filing to the Muscat Securities Market (MSM).

The engineering firm previously posted a profit of OMR 1.200 million in Q1-15, a decline of 14% from OMR 1.403 million in Q1-14.