Mubasher: Hotels Management Company International’s (HMCI) profit declined in the first quarter of 2016 by 20.8%, according to a bourse filing released on Sunday.
Net profit reached OMR 1.03 million ($2.67 million) in Q1-16, compared to OMR 1.3 million ($3.36 million) in the same period of 2015.
HMCI, listed in the Muscat Securities Market (MSM), earlier posted a net profit OMR 918,000 million ($2.4 million) in the fourth quarter of 2015, 22% lower compared to OMR 1.18 million ($3.06 million) in Q4-14.
