Mubasher: Oman Textile Holding Company’s profit rose in the fourth quarter of the fiscal year 2015 by 1,300%.

Net profit reached OMR 2.78 million in Q4-15, versus OMR 199,000 in the same period of 2014, according to a bourse filing.

The company’s annual profit reached OMR 3.37 million last year, compared to OMR 664,870 in 2014.

Oman Textile earlier posted a net profit of OMR 584,000 in the first nine months of 2015, against OMR 863,000 in the same period of 2014.

The Muscat listed company’s share jumped 9.74% or OMR 0.04 in today’s mid-trading, reaching OMR 0.43.