12.04.2010 - Global Investment House: 7.96pct increase in Oman corporates profitability
From Globalarabnetwork.com: Omani companies reported an improved performance in 2009 as the impact of the financial crisis was mitigated by government stimulus measures in tandem with initiatives by market regulators to bolster the corporate sector. According to Kuwait-based Global Investment House, the overall profitability of listed companies in the organised market (excluding all companies with fiscal year not ending on December 31, 2009) exceeded expectations, rising 7.96 per cent rise to RO 492.2 million in 2009 compared to RO 455.9 million in 2008.....................................Full Article: Source
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