Oman’s Dhofar Poultry revenue drops, taking it further away from end-2021 target
Oman’s Dhofar Poultry posted a 4.19% drop in 2020 revenues to 9.056 million Omani rials ($23.56 mln), taking the company further away from its target of at least 12 mln rials by the end of 2021.
In a disclosure with the Muscat Securities Market on Feb 17, the Sultanate’s oldest poultry company reported a loss of 399,990 rials, an improvement from the loss of 492,853 in 2019.
The company was helped by a substantial 97.5% improvement in impairment losses on receivables that reached 12,350 rials in 2020 compared to 493,933 the previous year.
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