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Shell Oman posts strong financial results

by ChemOrbis Editorial Team -
  • 24/03/2016 (12:05)
Shell Oman Marketing Company has announced its financial results for 2015. The company posted a net profit of OMR14.18 million ($36.7 million) in 2015 compared with OMR12.28 million in the previous year.

The strong financial results were attributed to healthy growth in the retail fuels business along with strong performance of its lubricants business. In addition, the company also lowered operating costs in all business lines.

The Managing Director of Shell Oman, Mohammed Mahmood Al Balushi said that the company continues to invest in new and improved retail sites to accelerate its growth over the coming years.
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