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Unaudited Financial Results of Muscat Finance
Apr 13, 2017 - 01:14PM Company : MUSCAT FINANCE

After Compliments,
The initial un-audited, unapproved financials of the Company for the quarter ending 31st March 2017 are as follows:

 

Amount in RO ‘000

 

31-Mar-17

31-Mar-16

Percentage Change

Net Investment in Finance Debtors

144,917

157,272

(8%)

Net Equity

36,710

34,438

7%

Gross Income

3,322

3,563

(7%)

Interest expense

958

897

7%

Net Operating Income

2,363

2,666

(11%)

Total Expenses

937

820

14%

Operating Profit

1,426

1,847

(23%)

Provisions

230

358

(36%)

Net Profit before tax

1,197

1,489

(20%)

Net Profit after tax

983

1,212

(19%)

 

The results are unaudited and subject to approval of the Audit Committee and the Board of Directors


Best Regards,

Bikramjit Singh Rishi
Chief Executive Officer