MCTI
The Initial un-audited Consolidated Results for the Financial Year ended 31.12.2014 for Muscat National Holding Company SAOG
In compliance with rules and guidelines on disclosure issued by the Capital Market Authority, Muscat National Holding Co. SAOG is pleased to announce the initial un-audited consolidated results for the year ended 31st December 2014 as follows:-
|
|
2014 |
2013 |
|
|
RO |
RO |
|
|
|
|
| Gross Premium |
10,522,692 |
11,595,791 |
|
|
|
|
| Underwriting contribution |
2,109,731 |
1,606,604 |
| Investment income |
48,005 |
529,864 |
|
|
2,157,736 |
2,136,468 |
|
|
|
|
| Total Expenses |
(1,864,425) |
(1,509,784) |
|
|
|
|
| Net Profit After Tax |
132,396 |
513,199 |
|
|
|
|
Please note that the audited consolidated results will be discussed and reviewed by the Board of Directors prior to the final submission of the audited financials for the final approval of the Annual General Assembly to be held on Monday, 30th March 2015.
Thank you,
