Mubasher: The unaudited financial results of Oman Hotels and Tourism revealed that its net profits declined 2.5% in the second quarter of 2016 (Q1-16), according to a bourse filing.                    

The company registered OMR 1.105 million ($2.87 million) profits in Q2, compared with OMR 1.133 million ($2.64 million) profits for Q2-15.

In the first quarter, its net profit reached OMR 775,000 ($2.01 million), compared to OMR 850,000 ($2.2 million) in Q1-15.