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Un-audited results for Quarter ended 31 March 2015

Un-audited results for Quarter ended 31 March 2015
Sohar International
BKSB
44.68% 0.20 0.06

In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2007 dated 27th June 2007, Bank Sohar wishes to announce its initial un-audited results for the period ended 31 March 2015 as follows:

                            (Amounts in OMR 000’s)

 

31 March 2015   

31 March 2014

% age Growth

Total Assets

1,987,080

2,023,793

(1.81%)

Gross Loans & Advances

1,483,438

1,334,065

11.20%

Net Loans & Advances

1,450,459

1,307,554

10.93%

Deposits from Customers

1,483,859

1,420,619

4.45%

Total Shareholders’ Equity

193,989

174,672

11.06%

Operating Income

16,125

17,108

(5.75%)

Operating Expense

7,978

7,347

8.59%

Net Profit/(Loss) after Tax

6,588

7,957

(17.20%)

Net profit /(loss)- conventional banking

6,413

8,013

(19.97%)

Net profit /(loss)- Islamic banking

175

(56)

 

 

Please note that the above results are:

  1. Un-Audited
  2. Subject to approval of the Board of Directors

The bank shall publish the detailed results once it is approved by the Board of Directors.