Mubasher: Port Services Corporation posted on Wednesday a net profit of OMR 886,290 ($2.29 million) for the fourth quarter of fiscal 2016, 195.82% up from OMR 299,610 ($775,160) for Q4-15.

The company’s net profit after tax for the fiscal year 2016 reached OMR 2.72 million, versus a net loss of OMR 1.86 million for 2015, according to a bourse filing.

Operating income amounted to OMR 4.32 million in 2016, rising 25.44% from OMR 3.45 million for 2015.