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27/04/2014 04:11 AST
Oman Cables Industry said its first quarter net profit this year rose by 8.9 per cent to OMR3.5 million from OMR3.2 million for the same period last year.
Sales revenue of the company was OMR64.7 million, an increase of 4.4 per cent over the same period last year.
"The increase in sales is mainly on the account of an increase in volume sold in spite of lower copper prices compared to the same period in 2013," said a statement posted on MSM website. The demand for the products remains in line with the long term growth of infrastructure planning of Oman and the Mena region.
The sales of the group for three month period ending March, 2014 was OMR73.2 million, a fall of 1.6 per cent over same period last year.
The group net profit after tax attributable to shareholders of Oman Cables for the quarter is OMR3 million (net of Oman Aluminium Processing Industries dividend of OMR0.786 million received by Oman Cables) compared to OMR3.7 million during the same period in 2013.
Times of Oman
03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
11/10/2016
On the back of seasonality impact and lower copper prices, Oman Cables Industry registered a drop in its revenue for the nine-months period ending on September 30, this year. At the same time, the c
Oman Daily Observer
30/12/2015
Oman Cables Industry's (OCI) portfolio and visibility is expected to grow inside the Sultanate as well as overseas with Prysmian Group's acquisition of the majority stake in the company, said the chi
Times of Oman
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.82 | -0.10 (-0.92 |
| IQCD | 12.43 | -0.01 (-0.09 |
| ADNOCLS | 4.38 | -0.05 (-1.13 |
| ADPORTS | 3.90 | -0.02 (-0.52 |
| NMDC | 23.00 | -0.14 (-0.61 |
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As one of
Kuwait Times
22/04/2025
QNB Group, the largest financial institution in the Middle East and Africa, stated that the recently announced $2bn unsecured syndicated term loan facility aims at extending the bank's financing matu
QNA
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