The Audited Financial results of the Company for the financial year 2016 were approved by the Board of Directors on 01st Feb 2017. These are subject to approval of the Central Bank of Oman and the shareholders of the company at the forthcoming Annual General Meeting scheduled for March 28, 2017
The Financial Statement for the year 2016 audited by Deloitte, statutory auditors, were approved by the Board. Key results are as under:
Amount in RO ‘000
|
Particulars
|
2016
|
2015
|
Change%
|
|
Gross Income
|
14,415
|
13,218
|
9%
|
|
Total Expenses
|
9,277
|
8,862
|
5%
|
|
Net Profit after tax
|
5,138
|
4,356
|
18%
|
|
Net investment in Finance debtors
|
149,858
|
154,015
|
(3%)
|
The Board recommended a Dividend of 17% comprising a Stock Dividend of 7% and a Cash Dividend of 10% for the year 2016, subject to approval of Central Bank of Oman and the Shareholders of the company.
Best Regards
Bikramjit Singh Rishi
Chief Executive Officer