Mubasher: Oman Chromite posted on Thursday a net profit of OMR 72,300 ($187,030) for the third quarter of fiscal 2016, 60.7% down from OMR 183,800 ($475,720) for Q3-15.

Total revenues for Q3-16 declined 12% to OMR 1.2 million from OMR 1.4 million for Q3-15, according to a bourse filing.

The company earlier reported a net loss of OMR 42,800 for Q2-16, compared to OMR 279,800 for Q2-15.