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Dhofar Cattle Feed gets animal feed subsidy

Dhofar Cattle Feed gets animal feed subsidy
The company posted a loss of OMR 50,000 in Q1-16 (Photo Credit: Arabianeye-Reuters)
Dhofar Cattle Feed
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Mubasher: Dhofar Cattle Feed Company on Monday said it received OMR 1.2 million as a feed subsidy for the third quarter of 2015.

This amount is already accounted in audited financials for 2015, the company said in a filing to the Muscat Stock Market (MSM).

The cattle feed firm turned profitable in 2015, reporting a profit of OMR 1.37 million against losses of OMR 2.77 million.

The company posted a loss of OMR 50,000 in Q1-16, down 39.8% year-on-year from OMR 83,000.