National Aluminium Products Company (NAPCO) has recorded a 28 per cent growth in revenue in 2015 with earnings of $64.4 million.
The company also recorded an increase of 11 per cent in net profit to $2.02m from $1.81m in the previous year.
"The rock-bottom prices of crude oil have impacted the construction sector, which in turn has affected the aluminium extrusion industry,” said Robert Holtkamp, CEO, NAPCO.
"Nevertheless, we are optimistic about the government projects in the region, especially in infrastructure development and building construction, boosting our volume orders in Oman and the rest of the GCC in 2016.
"In the near-term, NAPCO is bullish about the growth opportunities in established and new markets by offering improved services and products.”
NAPCO is currently rolling through with expansion plans, installing two additional extrusion presses and a vertical powder coating plant which will commence commercial production by the end of April 2016.