Mubasher: Majan College reported a 34% fall in net profit for the first fiscal quarter ended in 30 November, compared to the same period last year.
Net profit after tax came to OMR 555,540 in Q1-15/16, versus OMR 837,060 in the same period last year, according to the company’s financial statements.
The Omani college yielded total revenues valued at OMR 1.75% in Q1-15/16, against OMR 1.6 million in the same period of 2014, with an increase of 9%.
Meanwhile, total expenses hit OMR 1.12 million compared to OMR 960.07.
