Mubasher: Oman Fiber Optic reported a 79.5% profit slump to OMR 1.61 million ($4.17 million) in the fiscal year 2014/15, compared to OMR 7.87 million ($20.37 million) in the fiscal year 2013/14, according to a bourse filing.

Total revenues reached OMR 22.56 million, a 3.2% decline from OMR 23.31 million.

Meanwhile, operating costs decreased 4.7% to OMR 20.68 million during the period, down from OMR 21.7 million.