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Oman Cables posts 7% rise in annual profit

Oman Cables posts 7% rise in annual profit
Archive photo - Oman Cables Industry Company
Oman Cables
OCAI
-2.08% 2.35 -0.05

Mubasher: Oman Cables Industry Company reported a 7.4% year-on-year rise in profit last year, as it reached OMR 21.34 billion versus OMR 19.87 billion 2014.

Meanwhile, total sales dropped 6.5% to OMR 303.14 billion, compared to OMR 283.47 billion.

 Net profit after tax came to OMR 18.4 million last year, against OMR 19.9 million in 2014, rising 8% y/y.