Doha – Mubasher: Qatar Oman Investment turned to losses in the third quarter of 2016, according to a bourse filing.

The company recorded QAR 191,190 ($52,460) losses in Q3-16, compared to QAR 23,620 ($6,480) profits in the year-ago period.

The Qatar-listed company's profits retreated 35.2% in the first nine months of 2016 to QAR 12.69 million from QAR 19.57 million in the prior-year period.

Revenues also declined 30.53% to QAR 16.2 million in the nine-month period of 2016, compared to QAR 23.32 million in the same period of 2015.