Gulf Stone Company approved the financial statement of the company for the first half ended 30 June, 2015, reporting a drop of 82.7% year-on-year.

The company registered a net profit of OMR 35,328 ($89,700) in H1-2015, compared to OMR 204,115 ($518,400) for the corresponding period of the previous year.

Gulf Stone’s earnings in the first quarter declined to nearly OMR 12,635 from about OMR 103,383 in the same quarter of 2014, a fall of 87.8%.