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Gulf Stone profits drop 64% in FY15

Gulf Stone profits drop 64% in FY15
Photo Credit: Arabianeye-Reuters
Gulf Stone
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Mubasher: Gulf Stone Company reported a plunge in its profits by 64.2% to OMR 119,550 ($309,480) in the fiscal year ended 31 December 2015, compared to OMR 333,900 ($864,370) in 2014, according to a bourse filing.

Total sales rose 1.9% to OMR 4.9 in 2015, compared to OMR 4.8 million in 2014.