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United Finance posts 5.6% rise in Q2 profit

United Finance posts 5.6% rise in Q2 profit
The Muscat Securities Market (Photo credit: Arabianeye - Reuters)
UFC
UFCI
1.54% 0.07 0.00

Mubasher: United Finance Company’s profits grew in the second quarter of the fiscal year 2016 by 5.57% to OMR 1.345 million ($3.482 million), versus OMR 1.274 million ($3.298 million) posted for Q2-15.

Net profit also rose in the first half of fiscal 2016 to OMR 2.495 million from OMR 2.404 million posted for H1-15, according to a bourse filing released on Thursday.

The company earlier reported a net profit of OMR 1.15 million for Q1-16, compared to OMR 1.13 million for Q1-15.