Oasis Leasing profits rise 78%

Abu-Dhabi based Oasis International Leasing has reported net after-tax annual profit of Dhs171m ($47m) for 2007, a 78% increase over Dh96 million in 2006. The company achieved Dhs465m in revenues, a 51% growth over 2006 revenues of Dhs307m. The company's board has recommended a 10% dividend, including 5% in cash and 5% bonus shares.