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.
-
Banking & Finance2 weeks ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Renewables2 months ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Bahrain1 week ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Leaders Speak2 months ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Banking & Finance1 month ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
You must be logged in to post a comment Login