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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 | 11.14 | -0.04 (-0.36 |
| IQCD | 12.35 | -0.18 (-1.44 |
| ADNOCLS | 4.63 | 0.01 (0.21 |
| NMDC | 23.86 | -0.84 (-3.41 |
| ADPORTS | 4.02 | 0.03 (0.75 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
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