Mubasher: Ahli Bank’s initial un-audited financial results showed a rise of 45.76% in profits for the fourth quarter of the fiscal year 2016 to OMR 8.6 million ($22.25 million), versus OMR 5.9 million ($15.26 million) for Q4-15.

Profits for fiscal 2016 reached OMR 29.6 million, 6.86% up from OMR 27.7 million for fiscal 2015, according to a bourse statement.

Operating income declined in 2016 by 10.52% to OMR 53.6 million from OMR 56 million for 2015.