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Unaudited Financial Results of Muscat Finance
Jul 13, 2017 - 01:31PM Company : MUSCAT FINANCE

After Compliments,

 

The initial un-audited, unapproved financials of the Company for the half year ending 30 June 2017 are as follows:

 

 

                            Amount in RO ‘000

 

30-Jun-17

30-Jun-16

Growth

Net Investment in Finance Debtors

143,187

155,913

-8%

Net Equity

37,925

35,404

7%

Gross Income

6,710

7,110

-6%

Interest expense

1,899

1,918

-1%

Net Operating Income

4,811

5,192

-7%

Total Expenses

1,761

1,634

8%

Operating Profit

3,050

3,558

-14%

Provisions

486

847

-43%

Net Profit before tax

2,564

2,711

-5%

Net Profit after tax

2,201

2,177

1%

 

 

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