Mubasher: Al Anwar Ceramic Tiles’ initial un-audited financial results showed a loss of OMR 820,000 ($2.12 million) for the fourth quarter of fiscal 2016, compared to a profit of OMR 1.21 million ($3.12 million) for Q4-15.

Net profit for the fiscal year 2016 reached OMR 1.7 million in fiscal 2016, 73.99% down from OMR 6.54 million for fiscal 2015, according to a bourse statement.

Operating profit declined in 2016 by 57.21% to OMR 3.03 million from OMR 7.09 million for 2015.