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Unaudited Financial Results of Muscat Finance
Jul 30, 2017 - 03:02PM Company : MUSCAT FINANCE

After Compliments,

The Board of Directors in their meeting held on July 30, 2017 have approved the results for the six months ended June 30, 2017. We give below the summary of the approved financial results.

 

                            Amount in RO ‘000

 

30-Jun-17

30-Jun-16

Growth

Net Investment in Finance Debtors

143,187

155,913

-8%

Net Equity

37,926

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%

 

Best Regards,

Bikramjit Singh Rishi

Chief Executive Officer