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ONIC Holding posts FY14 profit decline

ONIC Holding posts FY14 profit decline
ONIC Holding
ONIC
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Unaudited financial statements for Oman National Investment Corporation Holding (ONIC), posted to the Muscat Securities Market (MSM), reveal a 3% profit decline to OMR 10 million for the fiscal year 2014 ($26.1 million) against OMR 10.3 million ($26.85 million) for FY13.

The Company’s income grew 6% for the period to OMR 17.5 million against OMR 16.52 million by the end of 2013.

Financials for the mother company showed a profit surge by 66% in FY4 to OMR 3.9 million against OMR 2.4 million in 2013.

Profits for the first nine months of 2014 retreated by 6.2% to OMR 7.6 million.