Mubasher: United Finance Company said Thursday that its net profit grew in the first quarter of the fiscal year 2016 by 2% year-on-year.

Net profit reached OMR 1.15 million ($2.99 million) in Q1-16, versus OMR 1.13 million ($2.94 million) in Q1-15, according to the company’s unaudited financial statements.

United Finance, listed in Muscat Securities Market (MSM), earlier posted a net profit of OMR 5.24 million ($13.61 million) in 2015, with a rise of 6% from OMR 4.96 million ($12.88 million) in 2014.