Muscat National 9M profits fall 64%

Mubasher: Muscat National Holding reported a 64% decline in profits after taxes to OMR 317,800 ($822,700) in the first nine months of 2015 from OMR 894,700 in the same period of 2014, according to a bourse filing.

Gross premium rose to OMR 11.6 million as at 30 September 2015 from OMR 8.67 million as at 30 September 2014.

The company achieved a growth of 16.3% to about OMR 551,910 ($1.43 million) in profits as shown in its unaudited financials for the first half of 2015, when compared to nearly OMR 474,594 ($1.23 million) in the same period of 2014.

Mubasher Contribution Time: 22-Oct-2015 07:00 (GMT)