Oman’s MNHC turns profitable in Q1

Muscat-Mubasher: Muscat National Holding Company (MNHC) reported a 391% surge in profit to OMR 330,300 in the first quarter ended 31 March 2015, compared to OMR 113,500 in the same quarter of 2014, according to a filing to Qatar Stock Exchange.

During the fiscal year ended 31 December 2014, MNHC reported a jump in profit by 74% to OMR 132,400 ($345,100), compared to OMR 513,200 ($1.34 million) during the same period of FY13.

The Muscat-listed firm’s capital amounts to OMR 5 million, distributed on 5 million shares.

Mubasher Contribution Time: 27-Apr-2015 07:29 (GMT)