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Unaudited, Unapproved initial results for the financial year 2015

Unaudited, Unapproved initial results for the financial year 2015

We submit here below the initial unaudited, unapproved financial results for the financial year 2015.

                                                                                                                   Amount in RO ‘000s

 

31-12-2015

31-12-2014

Percentage of change

Total Revenue

19,198

18,917

1.49

Total Expenses including Interest cost & general allowance for impairment

11,637

11,558

0.69

Net Profit before Tax

7,561

7,359

2.74

Net Profit after Tax

6,657

6,480

2.73

Gross installment Finance Receivables (net of unearned income)

254,838

235,918

8.02

Accumulated allowance for Impairment & Reserve Interest

8,658

7,651

13.16

Net installment Finance Receivables

246,180

228,267

7.85

Non-Performing Loans (NPA)

1,573

1,995

(21.15)

NPA Coverage %

550%

384%

43.23

Net Worth for all regulatory purposes

66,831

63,619

5.05

Best Regards,

 

AFTAB PATEL

Chief Executive Officer