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Gulf Stone sees 87.8% decline in Q1-15 earnings

Gulf Stone sees 87.8% decline in Q1-15 earnings
Photo Credit: Arabianeye-Reuters
Gulf Stone
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Gulf Stone Company recorded a plunge of 87.8% in its earnings of the first quarter of 2015.

The firm posted a net profit of OMR 12,635 in Q1-2015, compared to OMR 103, 383 in Q1-2014.

Gulf Stone’s capital stands at OMR 3.63 million, distributed on 36.3 million shares.