Omani lender, BankDhofar has said its net profit for the six-month period ended June 30 declined 49.7% to OR20.5m from a net profit of OR40.8m for the same period of last year, Muscat Daily has reported. The bank’s net income in the first half of 2013 had benefited from a legal write-back of OR26.1m. Excluding the legal case recovery, net profit for the first half of 2013 stood at OR17.8m. Excluding the on-off gain, Bank Dhofar’s first half 2014 net profit rose 15.1%, the bank said. Operating income grew 8.7% to OR48.5m, from OR44.5m in the first half of 2013, it said.
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