Press Releases

Initial Quarterly Financial Results for the Three Month Period Ended 31st of March 201713/04/2017


In compliance with current regulatory requirements, Oman International Development and Investment Company SAOG (“OMINVEST”) is pleased to report the initial quarterly unaudited financial results for the three months period ended 31 March 2017.

 

 

        Group

%

 

Parent Company

%

 

Mar-17

Mar-16

Change

 

Mar-17

Mar-16

Change

 

- - - - RO ’000 - - - -

 

 

- - - - RO ’000 - - - -

 

Total income

60,969

54,963

  11%

 

    11,932

   8,568

  39%

Total expenses

        (49,705) 

          (46,133)

   8%

 

      (2,418)

    (2,050)

   18%

Profit for the period

           11,264

             8,830

  28%

 

      9,514

     6,518

   46%

Profit attributable to:

             

  - Shareholders of Ominvest

             8,255

             6,269

  32%

 

             9,514

             6,518

   46%

  - Non-controlling interest

             3,009

             2,561

   17%

 

 

 

 

 

Please note:

1.  Comparatives for 2016 are extracts from the unaudited results. The Group early adopted IFRS 9 with effect from 1 January 2016, previous period numbers are adjusted accordingly.

2.  Group results incorporate the unaudited management accounts / estimates of subsidiaries and associates. These results are subject to subsidiaries and associates Boards’ approval.

3.  Unaudited Group and Parent Company quarterly financial statements will be submitted in compliance with the current regulations.

 

These initial unaudited financial results are subject to review by the Audit and Control Committee andapproval by the Board of Directors of OMINVEST.