Mubasher: Oman Cables Industry reported a 14.3% decline in its second-quarter financials, according to a bourse statement.

Profits reached OMR 4.75 million ($12.3 million) in Q2-16, compared to OMR 5.54 million ($14.35 million) in Q2-15.

In the first half of 2016, profits declined 13% to OMR 9.71 million from OMR 11.16 million in the prior-year period.

Total revenues stood at OMR 123.94 million in H1-16, while expenses totalled OMR 114.23 million.