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AL OMANIYA DECLARES A PROFIT OF Ro 1877K FOR THE FIRST HALF YEAR 2010 - NET PROFIT UP BY 10.02%
AL OMANIYA DECLARES A PROFIT OF Ro 1877K FOR THE FIRST HALF YEAR 2010 - NET PROFIT UP BY 10.02%
Al Omaniya Financial Services SAOG announced their approved un-audited half yearly results for the period ended 30th June 2010.
The company made a profit after tax of RO 1877K as compared to RO 1706K in the same period last year, resulting in a growth of 10.02%. The hire purchase assets of the company has grown up by 8.3% and stands at RO 125 million as compared to RO 116 million for the same period last year. The company has provided RO 554K towards allowance for impairment for the period. The total provision stands at RO 5.988 million as of 30th June 2009. The net worth stands at Ro 33.47 million.
Al Omaniya Financial Services is rated number one in terms of Asset size, Net Profit, Profit per employee, Asset Quality and Market Capitalization.
The Company’s Ro 10 Million Compulsorily Convertible Bond Issue on Rights basis is expected to open shortly, this will take the net worth to Ro 44.37 million on conversion.
PRESS RELEASE BY MR. AFTAB PATEL, CEO - AL OMANIYA FINNACIAL SERVICES SAOG.
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