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Oman Education profits decline 72% in Q4

Oman Education profits decline 72% in Q4
Oman Education and Training Investment Co
Oman Education
OETI
0.00% 0.42 0.00

Mubasher: Oman Education and Training Investment Co. said its net profits for the fourth quarter ended on 31 August declined by 72%.

The company reported net profits of OMR 148,220 ($383,440) for Q4, down from OMR 529,960 ($1.37 million) for the same period a year earlier.

Meanwhile, the company posted net profits of OMR 1.05 million for the full year ended 31 August 2016, up by 19.2% from OMR 1.3 million a year earlier.