Oman: ONIC returns to profit on insurance growth
Source: Middle East Insurance Review | Dec 2012
Oman National Investment Corporation Holding (ONIC) has reported a net profit of OMR3.3 million (US$8.6 million) for the nine-month period ended 30 September 2012 against a net loss of OMR0.5 million in the same period last year, due mainly to positive returns from its investments and robust business growth at its insurance subsidiary.
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