AL OMANIYA 9M NET PROFIT RISES 6.5%

MUSCAT: Al Omaniya Financial Services, the largest non-banking finance company in the sultanate, reported a 6.5 per cent growth in net profit for the nine-month period ended September 30, 2014.

Net profit grew to RO4.33mn from RO4.06mn in the same period last year, according to a filing with the MSM. Total revenue inched up 0.4 per cent to RO14mn from RO13.94mn last year. Net instalment finance receivables at the company increased three per cent to RO227.7mn.

SOURCE: MUSCAT DAILY