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Unaudited initial results for the year ended December 31, 2017
Jan 07, 2018 - 03:08PM Company : TAAGEER FINANCE

Further to CMA Circular No. E/5/2014 dated 29 May 2014. The initial unaudited financial results for the year ended December 31, 2017 are summarized below: 

Details

Dec-17

RO ‘000

Dec-16

RO ‘000

Change %

Net Investment in Finance Leases

147,351

152,264

(3.23)%

Total Borrowings (includes Deposits)

108,154

111,808

(3.27)%

Net Worth

38,696

36,402

6.30%

Total Revenues

15,301

13,923

9.90%

Total Expenses

10,598

9,449

12.16%

Net Profit for the period after tax

4,703

4,474

5.12%

 

These initial un-audited results are subject to approval/confirmation by:           

Statutory Auditors

Audit & Risk Committee and Board of Directors

Central Bank of Oman

Shareholders of the Company

Best regards,

Mohammed Redha A Jawad  

Chief Executive Officer