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Oman Flour Mills posts 87% rise in Q4 profits

Oman Flour Mills posts 87% rise in Q4 profits
Omani Riyal (Photo credit: Arabianeye - Reuters)
Oman Flour Mills
OFMI
-0.87% 0.46 -0.00

Mubasher: Oman Flour Mills Company’s profits rose by 87% year-on-year in the fourth quarter of the fiscal year ended on 30 June 2016.

Net profit reached OMR 4.3 million ($11.1 million) in Q4-16, versus OMR 2.3 million ($6 million) in Q4-15, according to a bourse filing released on Wednesday.

Earnings grew in FY16 by 58% to OMR 12.93 million from OMR 8.20 million in FY-15.