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