Browse
related articles
Oman's Al Hassan Engineering reports 18% fall in Q1 earnings
- Oman: Tuesday, May 07 - 2013 at 05:24
Omani contractor Al Hassan Engineering Co has posted a 18% drop in net profit for the first quarter of 2013 to OR233,000 from OR285,000 in the corresponding period last year, Muscat Daily has reported. The company's contract income fell 21% to OR13.74m from OR17.32m. "Although behind for the same period in 2012, the contract income is generally in line with the anticipated turnover phasing expected during 2013. Profitability has reduced mainly due to provisions made against the company impairment policy on receivables," said chairman Hassan bin Ali Salman. Total assets of the company increased 9.8% to OR64m from OR58.29m.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
