MUSCAT: Omran Group reported a significant financial performance boost in 2023, achieving a net profit of RO 31.6 million. This represents a remarkable 199 per cent increase compared to the previous year, 2022.
The group’s revenues also showed substantial growth, rising by 44.6 per cent to reach RO 70.4 million. The total value of Omran Group’s assets reached approximately RO 671 million.
Additionally, the group experienced an 8-per cent increase in the occupancy rates of its resorts and hotels compared to 2022. This improvement was reflected in the number of guests, which reached 774,881, marking an 11.5-per cent increase over the previous year.
The group also achieved a notable performance in the local added value index, which stood at about 51 per cent.
This was evidenced by spending over RO 8.5 million on national products and approximately RO 14.5 million on local services. Furthermore, the total public spending on small and medium enterprises (SMEs) during 2023 amounted to around RO 15 million.
Omran Group emphasised its ongoing commitment to enhancing financial and operational performance.
The group aims to improve operating expenses, bolster the competitive capabilities of its assets and maximise the sector’s potential. A key focus remains on achieving tourism diversification through investing in sustainable projects.
These projects are designed to enhance recreational, agricultural, environmental and adventure tourism, aligning with global trends in tourism development.
This approach aims to optimise the rich natural and cultural resources that the Sultanate of Oman offers.
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