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FINANCIAL NEWS
Main Omani listed firms to post drop in profit
06 Apr 2016
(MENAFN) Major Omani firms are predicted to record a marginal fall in net incomes in Q1 of 2016, while an increase could be viewed in whole income.
Moreover, earnings for the cited quarter were estimated at USD 409.5mn, showing a marginal year-on-year drop of 0.3 percent.
Accordingly, the increase in corporate tax in the Sultanate to 15 percent from 12 percent level to influence the whole Q1 performance.
In addition, the joined revenue of firms is estimated at USD 2.47mn; grow of 6.9 percent yearly and a drop of 2.7 percent.
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