Taageer Finance
TFCI
TFCI
The Board of Directors of Taageer Finance Company SAOG met on 5th February 2015 to discuss the audited financials for the year 2014, a summary of which is as under:
- Financial statements for the year ended 31st December 2014 were approved by the Board of Directors. We give below the key performance indices:
|
|
Amount in RO ‘000s |
| Details |
Dec-14 |
Dec-13 |
Change % |
| Net Investment in Finance Leases |
107,276 |
101,958 |
5.21% |
| Total Borrowings (includes Deposits) |
71,556 |
67,299 |
6.33% |
| Net Worth |
32,326 |
31,123 |
3.87% |
| Net Interest Income |
8,498 |
8,190 |
3.76% |
| Net Profit for the period after tax |
3,782 |
3,924 |
-3.62% |
2. The Board of Directors recommended 15% Cash Dividend for the year 2014
3. The financial statements and dividend are subject to approval of the Central Bank of Oman and the shareholders in the Annual General Meeting of the Company
With Regards,
Mohammed Redha A Jawad
Chief Executive Officer
Source:
Muscat Exchange News
