News
Galfar’s loss increases to RO10.8mn on additional impairment

Galfar Engineering & Contracting Company has said that the group’s consolidated losses have been revised to OMR10.82 million for 2016, after adjusting an additional impairment of receivables of OMR4.5 million and investment of OMR2 million for another associate company in India.
This was assessed by the auditors in line with IFRS provisions, according to a disclosure statement posted on MSM website.
This is also against a loss of OMR28.86 million in 2015.
The company’s total revenue stood at OMR340.88 million in 2016, against OMR345.23 million in the previous year. The consolidated expenses also stood at OMR339.91 million in 2016, against OMR342.96 million for the previous year.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy1 month ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
News1 month ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
You must be logged in to post a comment Login