NBO’s quarterly profit stands at OMR 15.5m

Mubasher: National Bank of Oman (NBO) posted on Thursday a net profit of OMR 15.5 million ($40.12 million) for the second quarter of the fiscal year 2016, almost the same profit of the same period of 2015.

Meanwhile, net profit rose in the first half of 2016 by 4.6% to OMR 29.4 million, versus OMR 28.1 million in the same period of 2015, according to a bourse filing.

Operating profit also grew in H1-16 by 8.6% to OMR 39 million, compared to OMR 35.9 million in H1-15.

NBO earlier reported a net profit of OMR 13.9 million in Q1-16, rising 10.3% from OMR 12.6 million in Q1-15.

The stock ended today’s trading at OMR 0.249.

Mubasher Contribution Time: 14-Jul-2016 10:57 (GMT)
Mubasher Last Update Time: 14-Jul-2016 10:57 (GMT)