Mubasher: Majan College’s preliminary unaudited financial for first quarter ended 30 November 2016 showed an increase of 9% in the company’s expected net profit after tax to OMR 498,590, compared to OMR 459,123 for same quarter last year.

Total income for the quarter ended on 30 November 2016 reached OMR 1.85 million, against OMR 1.76 million for quarter ended 30 November 2015, with an increase of 6%.

Total expense for quarter ended on 30 November 2016 rose by 4% year-on-year to OMR 1.28 million from OMR 1.23 million.

The company earlier reported a net profit of OMR 515,030 for the fourth quarter ended on 31 August 2016, 4.5% down from OMR 539,190 for the same quarter of the previous year.