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FINANCIAL NEWS
Omani firms to post 6pct growth in profit
06 Oct 2016
(MENAFN) Major Omani firms are predicted to record an increase in both net earnings and revenue for the Jan-Sep period of this year.
Moreover, net earnings of the firms are expected to achieve an increase of 6.4 percent at OMR544.18mn amid the cited period of this year.
Accordingly, the combined revenue of 30 companies for the cited period could be at OMR3.06bn, recording year-on-year growth of 5.9 percent.
In addition, most of the listed firms accounted for 12 percent corporate tax rate, with the Royal Decree pending with respect to the change in taxation.
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