Mubasher TV
Contact Us Advertising   العربية

HMCI posts 22% profit decline in Q4-15

HMCI posts 22% profit decline in Q4-15
Photo Archive
GHM
HMCI
0.00% 1.10 0.00

Mubasher: Hotels Management Company International (HMCI) reported a 22.2% profit decline to OMR 918,000 ($2.37 million) in the fourth quarter of 2015, compared to OMR 1.18 million ($3.05 million) in the same quarter of 2014, according to a bourse filing on Tuesday.

Net profits declined 17.8% to reach OMR 2.17 million in Q4-15, compared to OMR 2.64 million in Q4-14.

The board recommended cash dividends representing 90% of the capital for the fiscal year 2015.