Mubasher: Al Anwar Ceramics Tiles Company’s profits declined in the first half of the fiscal year 2016 by 45.6% to OMR 2.15 million, versus OMR 3.96 million in the same period of 2015, according to a bourse filing released on Tuesday.

The company’s unaudited financial statements also showed a fall of 17.1% in total revenues to OMR 12.2 million in H1-16, compared to OMR 14.7 million in Ha-15.

The Muscat-listed company’s earlier reported a net profit of OMR 6.62 million for fiscal 2015, 32.2% down from OMR 9.77 million in 2014.