Mubasher: Taageer Finance’s earnings declined in the second quarter of fiscal 2016 by 0.9%, according to the a bourse filing released on Monday
The company’s initial unaudited financial statements showed a net profit of OMR 1.10 million ($2.56 million) in Q2-16, versus OMR .11 million ($2.88 million) in Q2-15.
However, net profit grew in the first half of 2016 by 2.6% to OMR 2.17 million, compared to OMR 2.11 million in the same period of 2015.
Net investment in finance leases also rose in H1-16 by 20.8% to OMR 141.7 million from OMR 117.3 million in H1-15.
The company early posted a net profit of OMR 1.06 million in Q1-16, 6.4% up from OMR 1 million in Q1-15.
