Mubasher: Ubar Hotels and Resorts’ losses for the third quarter of fiscal 2016 worsened by 551.8% to OMR 74,300 ($192,310), compared to OMR 11,400 ($29,510) for Q3-15.
Net profit for the first nine months of 2016 fell by 60.6% to OMR 220,540, versus OMR 559,910 for the same period of 2015, according to a bourse filing.
Total revenues shrank 13.9% t OMR 3.4 million in the nine-month period, compared to OMR 3.95 million for the same period last year.
The company earlier posted a net profit of OMR 294,820 for H1-16, 48.4% down from OMR 571,280 for H1-15.
