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National Gas posts stronger Q3 profits

National Gas posts stronger Q3 profits
Total income declined 6.5% during the first nine months
National Gas
NGCI
5.00% 0.08 0.00

Mubasher: National Gas – Oman said Sunday that its profits for the third quarter rose 317.7% year-on-year to OMR 1.89 million ($4.89 million) from OMR 452,430 ($1.17 million), according to a bourse statement.

In the first nine months, the company registered OMR 3.48 million, higher 205.3% year-over-year from OMR 1.14 million for the year-ago period.

Total income declined 6.5% during the first nine months to stand at OMR 46.61 million as compared with OMR 49.87 for the first nine months of 2015.