Doha-Mubasher: Qatar Oman Investment Company (QOIC) posted a drop of 29.4% in net profits for the fiscal year ended 31 December 2015.

The company saw net profits of QAR 18.3 million in 2015, down from QAR 25.9 million a year earlier.

Earnings per share stood at QAR 0.582, against QAR 0.825.

On another note, the company’s board made a recommendation to distribute a QAR 60 per share as 6% dividends .

QOIC saw net earnings of QAR 19.5 million in the first nine months of 2015, down from QAR 20.8 million for the similar period of 2014.