Browse
related articles
Renaissance reports 51% surge in net profit
- Oman: Monday, February 18 - 2013 at 04:18
Oman-based Renaissance Services has posted a 51% increase in net profit for the year 2012, but reported an increased net loss on discontinued oil and gas engineering operations, Muscat Daily has reported. The company's net profit from continuing operations rose to OR15.6m in 2012 from OR10.3m in the previous year. However, the firm reported a net loss of OR12.5m from its discontinued oil and gas engineering operations in 2012 against a net loss of OR8m in 2011. Total revenue from continuing operations rose 5.3% to OR257.3m from OR244.4m, it said.
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.
