The preliminary unaudited financial statements of Oman International Development and Investment (Ominvest) showed a surge of 104% in profits of the fourth quarter in 2015 as compared to the same quarter of 2014.
The company reported OMR 9.39 million ($23.58 million) earnings in Q4-15, compared to OMR 4.61 million ($11.58 million) in Q4-14.
During the fiscal year 2015, Ominvest achieved OMR 37.5 million, 32% higher than OMR 28.4 million in the previous year.
The company’s stock leveled up by 2.21%, half an hour before closing Monday’s trading session, after 34,600 shares were traded through 6 deals with a value worth OMR 16,000.
