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Gulfar profits fall as contract income rises
- Oman: Sunday, May 17 - 2009 at 13:24
Oman's Galfar Engineering and Contracting in Oman saw contractual income rise 16.7% to OR99m for Q1 2009, compared to OR85m for the same period last year in its unaudited, consolidated results. However pre-tax profits fell to OR5.28m compared to OR8.15m in the first quarter of last year. Total company assets grew to OR366m against OR286m and the company's net worth increased to OR84m compared to OR68m during Q1 2008.
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StaffSunday, May 17 - 2009 at 13:24 UAE local time (GMT+4)
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