Daily SectionMarker

Misc SectionMarker

Weekly SectionMarker

Weekly SectionMarker

Pakistan's Internet Magazine
Herald
Dawn GroupMarker

Archive, Search, Feedback & HelpMarker

Weather
Dawn Classified



FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon PTV 2 Guide Cowasjee Ayaz Mazdak Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

DINA
Previous Story DAWN - the Internet Edition Next Story


01 May 2004 Saturday 10 Rabi-ul-Awwal 1425






Pak Oman earns Rs114m profit

By Our Staff Reporter


KARACHI, April 30: Pak Oman Investment Co (Pvt) Limited announced pretax profit of Rs114.51 million for the first quarter ended March 31, 2004.

A press release issued by the company stated that financial results were approved by the Board, which met on April 29 in Muscat. The meeting was chaired by HE Yahya Bin Said Bin Abdullah Al-Jabri (also the chairman-Capital Markets Authority, Oman).

Total assets of the company increased to Rs7,481 million at end March 2004. The credit and advances portfolio rose to Rs2.06 billion, the company said, adding that effective risk management and prudent credit policy had helped to develop and accumulate a sound portfolio with zero default to date.

The managing director informed the board about the company achievements, which included securing highest level of credit rating within a year of commencement of operations, the only non-bank financial institution) to be made a "primary dealer" by the central bank; appointment of Pak Oman as consultant to the prestigious "Textile City Project".




Previous Story Top of Page Next Story

© The DAWN Group of Newspapers, 2004