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Oman’s National Gas Q4 profits increase 241%

Oman’s National Gas Q4 profits increase 241%
Photo Credit: Arabianeye-Reuters
National Gas
NGCI
3.85% 0.08 0.00

Mubasher: National Gas has reported profits worth about OMR 499,240 ($1.29 million) in the fourth quarter of 2015 as compared to nearly OMR 146,370 ($378,910) in the corresponding period of 2014, a rise of 241%.

The Omani company said in a bourse statement issued Wednesday that it posted profits of OMR 1.63 million for the fiscal year of 2015, 6.5% higher from OMR 1.53 million in 2014.