Muscat, The 2018 results of 105 MSM listed companies pointed out that

they have posted 23% growth in profits in 2018 compared to 2017.

78% of the companies that announced their financial results posted more than RO700

million profits compared to RO630 million in 2017.

Sector-wise, 89% of the financial sector companies achieved profits in their announced

results for 2018 compared to 87% for the service sector companies and 71% for the

industry sector companies.

62 companies achieved growth in their financial results last year including 53 companies

that posted growth in profits and 9 companies that managed to reduce their losses.

It should be noted that the initial results disclosure compliance by MSM listed companies

now stands at 98%.

Source: Oman News Agency