The unaudited financials of Al Batinah Development and Investment Holding showed profits worth nearly OMR 124,730 ($322,950) in the first quarter of 2016 as compared to about OMR 186,820 ($483,710) in the same period of 2015.
By the end of Q1, revenues reached about OMR 160,230 ($416,074) as compared to approximately OMR 214,380 ($556,686) in Q1-15; a drop of 25.26%.
Total expenses grew 28.82% to reach about OMR 35,500 ($92,183) in Q1-16, compared to OMR 27,560 ($71,565) in the same quarter of 2015.
