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Oman’s Bank Sohar posts 14% fall in H1 profit

Oman’s Bank Sohar posts 14% fall in H1 profit
Photo Credit: Arabianeye - Reuters
Sohar International
BKSB
44.68% 0.20 0.06

Muscat – Mubasher: Bank Sohar reported a 14.11% decline in net profit after tax for the first half of 2015 to OMR 13.8 million ($35.8 million), down from OMR 16.1 million ($41.7 million) the bank said on Monday.

The bank earlier said first-quarter’s net profit amounted to OMR 6.58 million, down 17.2% year-on-year from OMR 7.95 million.