Oman’s National Finance profits rise 15.72% in FY15

National Finance recorded net profit after tax worth OMR 6,021 in the fiscal year 2015 as compared to OMR 5,203 in 2014, a growth of 15.72%.

The company said in a bourse statement that net operating income reached OMR 13,054 in FY15, compared to OMR 11,877 in FY14, an increase of 9.91%.

The board has recommended distribution of 12% cash dividend and 3% bonus shares for the fiscal year 2015. National Finance added that the financial statements and dividend are subject to the approval of Oman’s central bank and the decision of the annual general meeting.

National Finance stock trades at OMR 0.13.

Mubasher Contribution Time: 27-Jan-2016 08:27 (GMT)