Mubasher: Muscat Finance on Sunday posted a 25.8% hike in profits for the second quarter ended June 2017, according to a statement.
The Muscat-listed firm achieved a profit of OMR 1.22 million ($3.2 million) in Q2-17 from OMR 970,000 ($2.5 million) in Q2-16.
In the first half of 2017, the company’s profits went up 1% to reach OMR 2.20 million from OMR 2.18 million in H1-16.
Operating profits dropped 14% to reach OMR 3.05 million in H1-17, versus OMR 3.56 million in H1-16.
The Omani company achieved profits of about OMR 983,000 in Q1-17, compared to OMR 1.21 million in the corresponding period of 2016.
Muscat Finance had previously posted a 17.95% soar in profits to reach OMR 5.14 million in 2016 from OMR 4.36 million in 2015.
