Oman Oil Marketing Company (omanoil) celebrated successful first quarter 2011 results which followed hard on the heels of a historic financial performance in 2010, recording OMR 6.9 million in net profit after tax. The first quarter 2011 revenue increased by 40% compare to Q1 2010 and net profit after tax by 18%. The company also increased its retail footprint by more than 20% to reach 122 filling stations and 71 ahlain and convenience stores while maintaining the highest Omanization rates in the industry at 87%.
� 2011 Al Bawaba (www.albawaba.com)
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