After Compliments,
The initial annual un-audited financial results of the company for the year ended 31st December 2015 are as follows:
Amount in RO '000
|
Growth |
31 Dec 14 |
31 Dec 15 |
|
|
12% |
137,814 |
154,015 |
Net Investment in Finance Debtors |
|
8% |
33,251 |
35,848 |
Net Equity |
|
9% |
12,149 |
13,219 |
Gross Income |
|
0% |
3,007 |
3,015 |
Interest Expense |
|
12% |
9,142 |
10,203 |
Net Operating Income |
|
9% |
2,824 |
3,081 |
Total expenses |
|
13% |
6,318 |
7,122 |
Operating Profit |
|
78% |
1,122 |
1,999 |
provisions |
|
-1% |
5,196 |
5,123 |
Profit before tax |
|
0% |
4,450 |
4,460 |
Net profit after tax |
|
|
83% |
100% |
NPA coverage |
The results are unaudited and subject to approval /confirmation of
· The Statutory Auditors
· The Audit Committee and The Board of Directors
· Central Bank of Oman
· Shareholders of the Company
Best Regards,
Bikramjit Singh Rishi
Chief Executive Officer
