Mubasher: Bahrain Car Parks Co achieved profits worth about BHD 194,360 ($499,290) during the fourth quarter of 2016, versus losses of around BHD 14,860 ($38,170) during the same period a year ago.

During the fiscal year, earnings shrank by 6.13% to total approximately BHD 435,910 from about BHD 464,400 in fiscal year 2015, according to a bourse filing issued on Monday.

Operating profits decreased by 28.47% to total about BHD 328,570 in FY16 when compared to around BHD 459,390 in FY15.