Mubasher: Oman Education and Training Investment Holding reported a 64.4% drop in the group’s losses during Q3-16 to OMR 59,420 ($153,800), down from OMR 166,930 ($432,050) in Q3-15, the company’s financial statements revealed Monday.

Over the nine–month period, the net profits after taxes rose 17.5% to reach OMR 903,660, compared to OMR 768,970 during the first three quarters of 2015, according to a filing to the Muscat Securities Market (MSM).

The total income levelled up 7.2% to record OMR 10.99 million, from OMR 10.25 million in the first nine months of 2015.

The group’s expenses grew 6.2% year-on-year to OMR 9.92 million from OMR 9.34 million.