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Ominvest posts OMR 28m profits in 9M

Ominvest posts OMR 28m profits in 9M
Photo Credit: Arabianeye-Reuters
Ominvest
OMVS
-0.44% 0.23 -0.00

Mubasher: Oman International Development and Investment Co. (Ominvest) posted profits of OMR 28.11 million in the first nine months of 2015, up 18.2% from OMR 23.79 million in the same period of 2015, according to a bourse filing.

Total revenues rose 30.5% to OMR 89.06 million as at 30 September 2015, compared to OMR 68.23 million in 2014.

Total expenses grew 37.2% to AED 60.59 million during the period, up from AED 44.44 million.

The company’s stock rose 0.4% to close at OMR 0.50 on Wednesday.