Mubasher: Oman United Insurance Company’s profit rose in the first quarter of fiscal 2016 by 121.12% year-on-year.
Net profit reached OMR 2.33 million ($6.03 million) in Q1-16, versus OMR 1.05 million ($2.73 million) in Q1-15.
Total revenue neared OMR 3.5 million ($9.09 million) in the three-month period, 69.18% up from OMR 2.07 million ($5.38 million) in the same period of 2015.
The company earlier posted a net profit of OMR 3.31 million ($8.60 million) in the fiscal year 2015, 7.3% down from OMR 3.57 million ($9.27 million) in the fiscal year 2014.
