AOFS
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