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OMINVEST profit reaches OMR 23.8m

OMINVEST profit reaches OMR 23.8m
Global Omani Development & Investment Company (OMINVEST) has announced its unaudited financials of the nine-month period ended September 30, 2014, achieving a net profit worth approximately OMR 23.8 million against OMR 21.2 million in the same period in 2013, registering an increase of 12%.

The total revenues of the Company reached OMR 58.1 million during the first nine months of 2014 compared to OMR 51 million in 2013.

Meanwhile, the Company’s total expenses for the nine-month period in 2014 reached OMR 34.3 million against OMR 29.8 million in the same period of 2013.

The Company achieved a net profit worth OMR 50.16 million in the first half of 2014, compared to OMR 13.98 million during the same period of 2013, a profit increase of 18%.