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FINANCIAL NEWS
Bank Sohar’s revenue grows by up to 43pct
01 May 2017
(MENAFN) Bank Sohar has recorded a robust 43.9 percent increase in revenue at OMR5.99mn for the first quarter of this year, against OMR4.16mn for the same period of 2016.
However, despite some market challenges, the bank continues to achieve sustainable and profitable increase, which reflects its strong position in the industry.
Additionally, the bank’s operating profit for the period increased to 6.9 percent to OMR6.63mn up from OMR6.20mn for the same period of 2016.
Recently, other operating income excluding available for sale (AFS) investment losses and dividend income rose to 84.5 percent from OMR3.17mn for the same period of 2016.
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