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National Finance Q1 profits rise 3.5%

National Finance Q1 profits rise 3.5%
Photo Credit: Arabianeye-Reuters
National Finance
NFCI
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Mubasher: National Finance reported a growth of 3.5% in profits during the first quarter of 2017 as compared to the same quarter of 2016.

The earnings increased to OMR 1.49 million ($3.86 million) in Q1-17 from OMR 1.44 million ($3.73 million) in Q1-16, according to a bourse filing.

The company’s assets amounted to OMR 200.57 million in Q1-17, compared to OMR 198.63 million in Q1-16.

National Finance’s net operating income shrank by 8.5% to OMR 3.13 million in the first quarter this year from OMR 3.42 million in Q1-16, the bourse filing added.