Galfar secured $442m in contracts last year

March 16, 2014 4:16 am

Oman’s Galfar Engineering and Contracting has said it won OR170m ($441.7m) worth of new projects in 2013, in addition to the jobs awarded as part of its existing service contracts and extensions in existing projects, Muscat Daily has reported. The company maintained an order-book backlog at OR610m at the beginning of this year. Galfar reported a 17.6% drop in full-2013 net profit to OR7.58m, compared with OR9.2m in the previous year.