Mubasher: Research firm Al-Maha defined the fair value estimate of Muscat-listed Voltamp Energy SAOG at OMR 0.450, with a ‘Neutral’ recommendation.

The company delivered remarkable improvement in profits for the last four years, thanks to revenues and operating efficiency, according to the research firm.

Voltamap posted OMR 2.35 million net profit for the first nine months of 2015, up 40.6% year-on-year from OMR 1.67 million.

The company’s business volume rose by 41.7% to OMR 25.07 million.