Omani company profits fall
Drop of 63.8% for Galfar
Oman's Galfar Engineering and Contracting third quarter profits have fallen by 63.8% from the same period last year.
This year, the company made a US $3.25 million net profit (OR1.25 million) compared to $8.95 million in Q3 of 2008.
Galfar announced that it made a net profit of $25.3 million in the first nine months of the year, down from $41.4 million a year earlier on the Muscat bourse website.
The firm's profit fell short of two analysts forecasts in a Reuters survey in October.