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Oman Hotels posts 7% rise in annual profit

Oman Hotels posts 7% rise in annual profit
Al Falaj Hotel - a subsidiary to Oman Hotels and Tourism Company
OHTC
OHTS
5.31% 0.44 0.02

Mubasher: The unaudited financial statements of Oman Hotels and Tourism Company showed a 7.3% year-on-year rise in net profit of 2015.

Net profit after tax reached OMR 2.65 million last year, compared to OMR 2.47 million in 2014.

Total revenues declined to OMR 6.55 million in 2015 from OMR 7.4 million a year earlier.

The company previously reported net profit of OMR 1.72 million in the first nine months of 2015, compared to OMR 1.6 million in the same period of 2014.

The Muscat-listed company’s share is traded at OMR 0.24.