Financial Services turns profitable in Q2

Mubasher: Financial Services Company posted on Wednesday a net profit of OMR 24,726 ($64,000) for the second quarter of the fiscal year 2016, against net losses of OMR 37,440 ($97,000) in Q2-15.

In the first half of 2016, net profit reached OMR 43,726 ($113,189), compared to OMR 17,520 ($45,352) in the same period of 2015.

Total revenues increased 14% to OMR 361,223 in H1-16, versus OMR 316,604 in H1-15, according to a bourse filing.

The company earlier reported a net profit of OMR 19,000 for Q1-16, compared to OMR 19,920 in Q1-15.

Mubasher Contribution Time: 13-Jul-2016 08:54 (GMT)
Mubasher Last Update Time: 13-Jul-2016 08:54 (GMT)