Mubasher: The unaudited financial statements of Al Batinah Development and Investment Holding showed profitability in the third quarter of 2016.

Profits reached about OMR 7,820 ($20,230) in Q3-15 versus losses of around OMR 107,430 ($278,070) in Q3-15, according to a bourse statement.

During the first nine months of 2015, profits reached about OMR 283,720 against losses worth around OMR 87,470 in the same period a year ago.

Al Batinah Development’s overall revenues increased 43.28% to OMR 406,220 in nine months as compared to about OMR 283,520 in the same period of 2015.