Gulf Mush­room Prod­uct’s H1 net profit de­clines 24%

Muscat Daily - - BUSINESS -

Gulf Mush­room Prod­uct Co re­ported a 24 per cent de­cline in net profit for the six months pe­riod ended June 30, 2017. Its net profit fell to RO147,000 for the first half of 2017 against RO194,000 in the same pe­riod of last year, ac­cord­ing to a com­pany fil­ing to the Mus­cat Se­cu­ri­ties Mar­ket.

Gulf Mush­room Prod­uct Co’s pro­duc­tion rose by six per cent as it pro­duced 2,007 met­ric tons of fresh mush­rooms dur­ing the first half of this year com­pared to 1,896 met­ric tons for the same pe­riod of last year. To­tal sales dur­ing the six months pe­riod this year rose by five per cent to RO3.22mn from RO3.08mn a year ago.

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