Omni Industries is reporting a net loss of 25 million dollars on revenues of $411 million and gross profits of $154 million during the fourth quarter of its financial year ending December last year.
The company also recorded a 12 per cent drop in revenues and a 27 per cent tumble in its gross profits.
This was due to the higher cost of sales and the consequential fall in consumer demand during the review period when compared with the previous year.
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