Mubasher: Muscat National Holding reported a decline by 3% in its first-quarter profits, according to a bourse statement.
Profits reached OMR 320,500 ($830,300) in Q1-16, compared to OMR 330,300 ($855,700) in Q1-15.
Total premiums rose 38.2% to OMR 5.68 million ($14.75 million) in Q1-16, compared to OMR 4.11 million ($10.67 million) in Q1-15.
Investment income reached OMR 188,000 ($488,311) in Q1-16, a growth of 9.3% from OMR 172,000 ($446,753) in Q1-15.
General expenses increased by 7% to OMR 499,000 ($1.29 million) during the period, compared to OMR 466,000 ($1.21 million).
