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Oman Flour Mills posts 107% surge in 9-month profit
- Oman: Tuesday, May 14 - 2013 at 05:07
Oman Flour Mills Co (OFM) has reported a 107% surge in its net profit in the nine-month period ended March 31, 2013 to OR5m, compared with OR2.42m in the corresponding period of the previous year, Muscat Daily has reported. "The increase in profit in the current year can be attributed to accounting of feed subsidy this year that was not accounted for last year, and a net increase in investment income of OR675,000," OFM said. Revenue increased 13% to OR51.44m from OR45.31m a year ago.
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