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Sahara Hospitality’s Q2 profits soar 36.1%

Sahara Hospitality’s Q2 profits soar 36.1%
Photo Credit: Arabianeye-Reuters
Sahara Hospitality
SAHS
0.00% 2.80 0.00

Sahara Hospitality said that its initial unaudited financial results for the second quarter ended 31 May, 2015 showed a growth of 36.1% in the company’s earnings.

The company, which is listed on Muscat Securities Market, achieved earnings worth OMR 1.198 million ($3.11 million) in Q2-15, compared to around OMR 879,900 ($2.28 million) in Q2-14.

Sahara reported a rise of 39.6% in its profits of Q1 to about OMR 594,846 ($154,500) from OMR 426,058 ($110,660) in the same period of 2014.