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Al Sharqiya Investment Q3 profit down 8%

Al Sharqiya Investment Q3 profit down 8%
Net profit for the first nine months of the year grew by 99.27% (Photo credit: Arabianeye - Reuters)
Al Sharqiya Investment
SIHC
0.00% 0.08 0.00

Mubasher: Al Sharqiya Investment Holding’s profits for the third quarter for the fiscal year 2016 fell by 8.2% to OMR 142,000 ($367,500), compared to OMR 154,650 ($400,300) for Q3-15.

Net profit for the first nine months of the year grew by 99.27% to OMR 1.15 million from OMR 576,620 for the same period of 2015, according to a bourse filing released on Sunday.

Total income reached 1.78 million for the nine-month period, 19.21% up from OMR 1.49 million for the same period last year.

Al Sharqiya Investment earlier posted a net profit of OMR 1.008 million for H1-16, increasing 38% from OMR 731,266 for H1-15.