Taageer Finance profit falls 3% in Q3

Mubasher: Taageer Finance’s unaudited financial statements for the third quarter of fiscal 2016 showed a 3% fall in the company’s profit to OMR 938,000 ($2.43 million), versus OMR 965,000 ($2.50 million) for Q3-15.

Net profit amounted to OMR 3.11 million in the first nine months of 2015, compared to OMR 3.08 million for the same period of 2015, according to a bourse filing released on Wednesday.

Net investment in finance leases reached OMR 148.95 million in the nine-month period, versus OMR 124.51 million for the same period last year.

Taageer earlier reported a net profit of OMR 2.17 million for H1-16, compared to OMR 2.11 million for H1-15.

Mubasher Contribution Time: 12-Oct-2016 10:48 (GMT)
Mubasher Last Update Time: 12-Oct-2016 10:48 (GMT)