Doha- Mubasher: Arab International Company for Hotels and Tourism posted a 44.33% drop in profits in the second quarter of 2016, according to the company’s statement to the Amman Stock Exchange (ASE).

Profits for Q2-16 reached JOD 746,500 ($1.05 million) compared to JOD 1.34 million ($1.89 million) in the same period last year.

As for the first six months of 2016, the company recorded a 35.64% increase in profits to JOD 1.25 million, compared to JOD 918,330, in H1-15.