Oman – Mubasher: Taageer Finance announced its financials for the three-month period ended 31 March 2015, which showed a 13.24% increase in profits.

The company said it achieved OMR 1.001 million in Q1-15 compared to OMR 884,000 in Q1-14.

Taageer previously reported a 3.62% decline in its profits for the fiscal year 2014, reaching OMR 3.8 million ($9.85 million) compared to OMR 4 million ($10.42 million) in FY13.

The company’s capital amounts to OMR 25.4 million divided on 253,590,000 shares.