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Taageer Finance’s Q1 profits grow 6.4%

Taageer Finance’s Q1 profits grow 6.4%
Taageer Finance achieved OMR 1.065 million profits (Photo archive)
Taageer Finance
TFCI
0.94% 0.11 0.00

The unaudited financial statements of Taageer Finance showed a growth of 6.4% in profits after tax deduction in the first quarter of 2016, according to a recent statement.

Taageer Finance achieved OMR 1.065 million ($2.76 million) profits in Q1-16, compared to OMR 1.001 million ($2.59 million) in Q1-15.

Net investments in finance leases increased 16.4% to OMR 131.79 million in Q1-16 as compared to OMR 113.19 million in Q1-15.