In its filing to the Muscat Securities Market (MSM), Taageer Finance announced its financials for the fiscal year ended December 31, 2014. The Company reported a decline in profits by 3.62% to OMR 3.8 million ($9.85 million) compared to OMR 4 million ($10.42 million) in FY13.
Financials show a rise in income from financing activities by 3.8% during FY14 to OMR 8.5 million against OMR 8.2 million the year before.
Taageer’s Board has recommended a 15% cash dividend.
Worth noting, the Company had reported a 7.39% decline in profits during the first nine months of 2014 to OMR 2.824 million.
