Mubasher: Oman and Emirates Investment Holding Company (OEIO) reported a net loss of OMR 190,000 ($491,800) in the third quarter of 2016 down from SAR 1.76 million ($4.5 million) in the same quarter last year.

The company achieved a net profit of OMR 2.58 million in the first nine month of the year against a net loss of OMR 1.5 million in the same period in 2015, according to a bourse filing.

OEIO said that the company’s revenues totalled OMR 5.12 million in the nine-month period that ended 30 September, compared to OMR 1.06 million in the same period last year.