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Al Maha Ceramics posts 11.1% profit decline

Al Maha Ceramics posts 11.1% profit decline
Photo Credit: Arabianeye-Reuters
Al Maha Ceramics
AMCI
2.88% 0.32 0.01

Mubasher: Al Maha Ceramics Company reported a 11.1% profit decrease to OMR 2.4 million ($6.22 million) in the fiscal year 2015, compared to OMR 2.7 million ($6.99 million) in the fiscal year 2014, according to a bourse filing on Sunday.

Total revenues declined 9.2% to OMR 9.84 million during the period from OMR 10.84 million.

Annual expenses reached OMR 7.1 million in FY15, a decline of 8.6% from OMR 7.77 million in FY14.