Oman-based Galfar Engineering and Contracting has achieved an order book of OMR471mn as of June 30, 2018, boosted by a raft of oil and gas contracts.
Despite delays in the bidding and award process, Galfar bagged fresh orders of OMR76mn in addition to extensions and variations awards amounting to OMR42mn in the first half of 2018, reported Oman Observer, citing its chairman.
The biggest one was the Khazzan Gas Gathering System project, worth OMR35mn from BP Oman, remarked Majid bin Salim al Araimi, besides a number of contracts related to Utilities and Services.
Profit after tax rose from 0.3% in the first half of 2017 to 1.8% in the first half of this year, he added.