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HSBC Oman Q3 profit soars 93%

HSBC Oman Q3 profit soars 93%
Net profit for the first nine months of 2016 rose by 66.7% to OMR 13.5 million (Photo credit :Bank's website)
HSBC Oman
HBMO
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Mubasher: HSBC Oman’s profits for the third quarter of fiscal 2016 rose by 93.1% to OMR 5.6 million ($14.5 million), versus OMR 2.9 million ($7.5 million) for Q3-15.

Net profit for the first nine months of 2016 rose by 66.7% to OMR 13.5 million, compared to OMR 8.1 million for the same period of 2015, according to a bourse filing released on Thursday.

The bank earlier reported a net profit of OMR 7.9 million for the first half of 2016, 52% up from OMR 5.2 million for H1-15.