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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
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
23/01/2014
The Board of Directors of Oman Cables Industry (SAOG), in the meeting held on 22 January 2014, approved the audited Financial Statements for the year 2013 of the Parent Company and the Group and reco
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.90 | -0.38 (-3.37 |
| IQCD | 13.22 | -0.03 (-0.23 |
| ADNOCLS | 4.95 | -0.11 (-2.18 |
| ADPORTS | 4.26 | -0.12 (-2.74 |
| NMDC | 24.50 | 0.16 (0.65 |
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Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
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