Manama – Mubasher: Bahrain-listed NASS Corporation posted a 61.5% drop in net profits for the first quarter of 2015 to BHD 668,000 ($1.76 million), compared with BHD 1.730 million ($4.56 million) in the same period a year earlier.

Meanwhile, the company’s revenues rose 51% to BHD 14 million, from BHD 9.26 million in Q1-14. Cost of sales rose to BHD 18 million, from BHD 15.66 million.

NASS previously reported 1.9% growth in FY14 net profits to BHD 4.34 million ($11.48 million), from BHD 4.26 million ($11.2 million) a year earlier.