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Oman Chromite incurs losses in Q1

Oman Chromite incurs losses in Q1
Oman Chromite's revenues fall 72% in Q1 (Photo Credit: Arabianeye-Reuters)
Oman Chromite
OCCI
0.00% 4.50 0.00

Mubasher: Oman Chromite Co. turned to losses in the first quarter of 2016, according to a bourse statement.

The company posted losses of OMR 26,670 ($69,060) in Q1-16, against profits of OMR 172,170 ($445,790) in Q1-15.

Total revenues declined 72% to OMR 167,560 ($435,164) during the period, compared to OMR 605,500 ($1.57 million).