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Salalah Mills Q3 profits plunge 80%

Salalah Mills Q3 profits plunge 80%
Earning stood at about OMR 175,000 (Photo Credit: Company Website)
Salalah Mills
SFMI
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Mubasher: Salalah Mills posted a drop of 80% in profits during the third quarter of 2016 as compared to the same period in the prior year.

Earning stood at about OMR 175,000 ($452,969) in Q3-16, compared with OMR 875,000 ($2.264 million) in Q3-15, according to a bourse statement issued Thursday.

Salalah Mills’ profits in the nine-month period decreased to OMR 2.2 million from OMR 3.61 million the same period of 2015.