Mubasher: Bank Sohar’s unaudited financial statements showed a fall of 35.4% year-on-year in the bank’s net profit for the second quarter of fiscal 2016.

Net profit reached OMR 4.65 million ($12.03 million) in Q2-16, versus OMR 7.3 million ($18.6 million) in Q2-15, according to a bourse filing.

In the first half of fiscal 2016, net profit increased to OMR 8.813 million from OMR 13,870 in the same period of 2015.

The bank earlier posted a net profit of OMR 4.16 million for Q1-16; 37% down from OMR 6.59 million for Q1-15.

The stock closed today’s session rising by 2.17% to OMR 0.19.