Oman’s A’Saffa Foods reports 6.5% increase in Q1 net income

May 3, 2014 12:32 am

Oman’s A’Saffa Foods Co has posted a 6.5% increase in its net profit for the first quarter ended March 31 to OR1.81m, compared with OR1.7m in the same period of the previous year, Muscat Daily has reported. Sales for the first quarter of 2014 grew 5.9% to OR7.45m, compared with OR7.04m during the same quarter of 2013. A’Saffa accounted for feed subsidy of OR330,476 during the first quarter on an actual receipt basis, the company said.