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Computer Stationary’s earnings down 44% in Q1

Computer Stationary’s earnings down 44% in Q1
Omani Riyal (Photo credit: Arabianeye - Reuters)
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Mubasher: Computer Stationary Industry’s profit shrank in the first quarter of fiscal 2016 by 44.47% year-on-year.

Net profit reached OMR 91,200 ($237,670) in Q1-16, versus OMR 164,250 ($428,060) in  Q1-15, according to a bourse filing.

The company earlier posted a net profit of OMR 367,550 ($954,675) in 2015, compared to OMR 313,430 ($814,103) in 2014.