Mubasher: Bank Muscat’s profits rose in the first quarter of 2016 by 1.1% year-on-year, according to the bank’s financial statements released on Thursday.

Net profit came to OMR 43.8 million ($114.09 million) in Q1-16, versus OMR 43.3 million ($112.79 million) in Q1-15.

Earnings per share stood at 18 baisas in the first three months of 2016.

The Muscat-listed bank earlier posted a net profit of OMR 175.45 million ($455.71 million) in 2015, compared to OMR 163.23 million ($423.97 million) in 2014.