Shell Marketing posts 15% rise in annual profit

Mubasher: Shell Oman Marketing Company reported on Wednesday a rise of 15.2% year-on-year in net profit of 2015.  

Profit increased to OMR 10.6 million last year, versus OMR 9.2 million in 2014, according to the company’s financial statements.

Earnings per share grew to OMR 0.106 from OMR 0.092.

The Muscat-listed company’s board proposed cash dividends at 106 baizas for 2015. The distribution should be made in April after obtaining an approval from shareholders.

The company earlier reported net profit of OMR 10.82 million in the first nine months of 2015, compared to OMR 9.04 million in the same period of 2014. 

Mubasher Contribution Time: 27-Jan-2016 07:07 (GMT)