Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oman Investment net profit up 256pc  Join our daily free Newsletter

MENAFN - The Peninsula - 21/04/2011

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - The Peninsula) Qatar Oman Investment Company reported net profit of QR9.85m for first quarter of 2011.

The Board of Directors met yesterday and discussed the result for the three months ending March 31, 2011 and approved it. Sheikh Abdulrahman bin Mohammed bin Jabor Al Thani, Chairman, also attended the meeting.

The increase of around 256 percent (QR6m ) from QR3.85m for same period in 2010, resulted in an increase in value of share from QR0.13 to QR0.31.

On the other hand, the capital increased from QR300m to QR315m. Also, retained earnings increased by 329 percent from QR4.3m to QR14.36m for the same period.

The company invested 15 percent of its capital in different project, and expect to gain income during 2011, which will contribute to overall profit.

The company is keeping 30 percent of its capital in cash and plans to invest in promising opportunities without risks.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help