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Al Suwadi Power Q3 profit up 7.6%

Al Suwadi Power Q3 profit up 7.6%
Net profit rose 17.5% to OMR 11.73 million in 9 months (Photo credit: Company's website)
Al Suwadi Power
SUWP
-1.21% 0.08 -0.00

Mubasher: Al Suwadi Power’s profits for the third quarter of the fiscal year 2016 grew by 7.6% to OMR 7.33 million ($18.97 million), from OMR 6.81 million ($17.63 million) for Q3-15.

In the first nine months of 2016, net profit rose 17.5% to OMR 11.73 million from OMR 9.98 million for the same period of 2015, according to a bourse filing released on Sunday.

The company earlier posted a net profit of OMR 4.40 million for H1-16, 40% up from OMR 3.17 million for H1-15.