Oman Cables Industries SAOG posted a 16 per cent slump in net profit after tax for the financial year ended December 31, 2011. Earnings fell to RO 6.9 million in 2011 compared to RO 8.2 million in 2010. In contrast, total sales during the year soared 36
Energy giant ABB is to supply variable frequency converters for a project at the Arab Shipbuilding and Repair Yard Company (Asry), it has been declared. A $3.2 million deal to supply the equipment was signed between Bahrain's Nass Corporation and ABB
In the last announcement at 10/01/2012 in point (8- The main reason for the decrease in profit in the fourth quarter of 2011 compared the previous quarter is due to increase in supply and decrease demand in the Chinese market for the raw material for