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Ominvest's Q1 net profit up 5.4%
- Oman: 5 hours, 13 minutes ago
Oman International Development and Investment Co (Ominvest) has said its net profit for the quarter ended March 31, 2013 rose 5.4% to OR7.81m from OR7.41m registered for the same period last year, Muscat Daily has reported. Profit attributable to parent company shareholders climbed to OR4.62m from OR4m in the year-ago quarter "mainly due to the increased contribution to the group's investment income from capital market activities during the period," said Khalid Muhammad al Zubair, chairman of Ominvest. "The company is progressing in line with strategy to enable sustainable earnings over the medium and long term," added Zubair.
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