Ominvest posts OMR 28m profits in 9M

Mubasher: Oman International Development and Investment Co. (Ominvest) posted profits of OMR 28.11 million in the first nine months of 2015, up 18.2% from OMR 23.79 million in the same period of 2015, according to a bourse filing.

Total revenues rose 30.5% to OMR 89.06 million as at 30 September 2015, compared to OMR 68.23 million in 2014.

Total expenses grew 37.2% to AED 60.59 million during the period, up from AED 44.44 million.

The company’s stock rose 0.4% to close at OMR 0.50 on Wednesday.

Mubasher Contribution Time: 14-Oct-2015 09:11 (GMT)