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Napco H1 profits decline 99%

Napco H1 profits decline 99%
Total revenues declined in H1-16 by 26.3% to OMR 9.11 million (Photo credit: Company's website)
NAPCO
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1.85% 0.06 0.00

Mubasher: National Aluminium Products Company (Napco) posted on Wednesday a net profit of OMR 3,000 ($7,800) for the first half of the fiscal year 2016, 99.2% down from OMR 364,000 ($942,200) for the same period of 2015.

Total revenues declined in H1-16 by 26.3% to OMR 9.11 million from OMR 12.36 million for H1-15, according to a bourse filing.

Napco earlier reported a net profit of OMR 141,000 for Q1-16, versus OMR 165,000 for Q1-15.