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Oman Refreshment sees profit grow 114%

Oman Refreshment Co (Pepsi Oman) has said its net profit grew 114% in the nine-month period ended September 30 to OR4m from OR1.9m in the corresponding period of the last year, Muscat Daily has reported. Revenue increased 23% to OR41.2m during the period, compared with OR33.4m a year earlier. "Increased profit is mainly due to increased revenue along with efficiencies resulting out of various cost control and cost-optimisation measures ... Sales volume improved in the third quarter," said chairman Buti Obaid al-Mulla.