Mubasher: Oman International Development and Investment's (Ominvest) profits fell 19.1% to OMR 7.67 million ($19.86 million) in the second quarter of 2016 from OMR 9.48 million ($24.54 million) in Q2-15, according to a bourse filing.
Net profits for the first six months of the year were down 5.6% to OMR 17.3 million ($44.9 million) compared to OMR 18.32 million ($47.58 million) in H1-15, the company said on Thursday.
On the other hand, total revenues hiked 110% to OMR 108.88 million ($282.8 million) by the end of H1-16, compared to OMR 51.88 million ($134.7 million) a year earlier.
Ominvest's expenses also surged 173% in H1-16 to OMR 91.64 million ($238 million) from OMR 33.56 million ($87.16 million) in H1-15.
The investment company previously posted a profits rise of 9% to OMR 9.63 million ($25.01 million) in Q1-16 from OMR 8.84 million ($22.9 million) in Q1-15.
