Mubasher: Ubar Hotels and Resorts posted a growth of 16.1% in profits for to OMR 335,000 ($867,200) in the fourth quarter of 2015 as compared to about OMR 288,500 ($746,830) in the same period of 2014, according to a bourse statement.
During the fiscal year of 2015, the company posted profits worth nearly OMR 894,910 as compared to OMR 1.19 million in 2014, a drop of 24.8%.
