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Oman’s Gulf Hotels profits fall 14% in FY15

Oman’s Gulf Hotels profits fall 14% in FY15
Photo Credit: Arabianeye-Reuters
Gulf Hotels
GHOS
10.00% 3.50 0.35

Mubasher: Gulf Hotels Oman reported a 13.77% profit decline to OMR 2.24 million ($5.79 million) in the fiscal year 2014/15, compared to OMR 2.6 million ($6.7 million) in the fiscal year 2013/14, according to a bourse filing.

Total revenues reached OMR 9.12 million in FY15, compared to OMR 9.46 million in FY14.