Doha – Mubasher: Qatar Oman Investment reported that its net profit fell by 58.7% in the second quarter of 2016 (Q2), according to a bourse filing.

Its Q2 net earnings reached QAR 1.1 million ($301,120), compared with QAR 2.66 million ($729,100) for the year-ago quarter.

On a six-month basis, the company's net profits declined 34.12% year-over-year to QAR 12.88 million from QAR 19.55 million.

Its first six-month revenues also stood at QAR 15.31 million, lower 31.11% year-on-year from QAR 22.23 million.

In the first quarter, the company registered QAR 11.78 million profits, compared with QAR 16.89 million for the first quarter of 2015.