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Al Omaniya quarterly net income climbs 10%

Al Omaniya Financial Services has reported a 10.01% year-on-year rise in its third-quarter net profit to OR4.06m from OR3.69m in the same period last year, Muscat Daily has reported. The company provided OR2.19m towards allowance for general impairment in the 2013 quarter, compared with OR1.72m for the same period last year, an increase of 27.32%. Total provision stood at OR8.94m as of September 30, 2013.