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OEIHC posts OMR 1.5m profit in Q1

OEIHC posts OMR 1.5m profit in Q1
Total assets amounted to OMR 63.4 million in the first months of 2019

Mubasher: Oman and Emirates Investment Holding (OEIHC), listed on Muscat Securities Market and the Abu Dhabi Securities Exchange (ADX), reported a net profit after tax of OMR 1.558 million for the first quarter of 2019, versus OMR 1.489 million in the prior-year period.

Earnings per share (EPS) stood at OMR 0.009 at the end of March, compared to OMR 0.010 in Q1-18, OEIHC said in a statement.

Total assets amounted to OMR 63.4 million in the first three months of 2019, versus OMR 63.163 million in the year-ago period.

The company has generated revenue and surplus of OMR 9.178 million in Q1-19, versus OMR 8.602 in the prior-year period, according to the statement.

On Tuesday, OEIHC said that the merger of its subsidiary Majan Capital Fund with FINCORP Al Amal Fund has been completed.