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Audited results for the year ended December 31, 2017
Jan 25, 2018 - 05:13PM Company : TAAGEER FINANCE

The Board of Directors of Taageer Finance Company SAOG  met and approved the audited financials on January 25, 2018 and the following are the important decisions:

 1. Approval of Audited Financials for the year ended 31st December 2017:

 

Details

Dec-17

RO '000

Dec-16

RO '0001

Change %

Net Investment in Finance Leases

147,476

152,264

(3.14)%

Total Borrowings (includes Deposits)

108,154

111,808

(3.27)%

Net Worth

38,633

36,402

6.13%

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%

 2. Recommended a Cash Dividend of 10% for the year 2017.

3. The financial statements and dividend are subject to approval of Central Bank of Oman and the shareholders in the Annual General Meeting of the Company.

 With Regards,

 

Mohammed Redha A Jawad

Chief Executive Officer