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Al Omaniya Financial Services sees 15% profit increase

Oman's largest non-banking financial firm, Al Omaniya Financial Services has said net profit for the first half of 2012 rose 15% to OR2.38m from OR2.07m in the corresponding period last year, Muscat Daily has reported. Pre-tax, pre-provision profit gained to OR3.76m from OR3.4m in the same period last year, the firm said. Total provision stood at OR7.08m as of June 30. The company's current net worth for all regulatory purposes is OR54.73m.