Raja Subaramanian

Email : rajasu@mfcoman.com

Phone : 24625354

Sridhar

Email : sridhar@mfcoman.com

Phone : 24625370

Anthony Rajan

Email : antony@mfcoman.com

Phone : 24625355

Baqir

Email : baqir@mfcoman.com

Phone : 24625309

Arabic
Have any questions?     +968-24625300     crm@mfcoman.com
News
Decision taken at the Board meeting held on 01st Febuary 2017

Muscat Securities Market
Feb 01, 2017 – 06:21PM Company : MUSCAT FINANCE

The Audited Financial results of the Company for the financial year 2016 were approved by the Board of Directors on 01st Feb 2017. These are subject to approval of the Central Bank of Oman and the shareholders of the company at the forthcoming Annual General Meeting scheduled for March 28, 2017

The Financial Statement for the year 2016 audited by Deloitte, statutory auditors, were approved by the Board. Key results are as under: Amount in RO '000
 

Particulars 2016 2015 Change%
Gross Income 14,415 13,218 9%
Total Expenses 9,277 8,862 5%
Net Profit after tax 5,138 4,356 18%
Net investment in Finance debtors 149,858 154,015 (3%)

 

The Board recommended a Dividend of 17% comprising a Stock Dividend of 7% and a Cash Dividend of 10% for the year 2016, subject to approval of Central Bank of Oman and the Shareholders of the company.

Best Regards

Bikramjit Singh Rishi
Chief Executive Officer