Mubasher: Al Sharqiya Investment Holding Company (SIHC) reported a 204% rise in profits in Q2-16, according to the company’s preliminary financial results.

The company’s profits doubled to OMR 84,860 ($218,200) compared to OMR 27,850 ($71,600) in the same period last year.

SIHC’s profits in the first six months of 2016 went up by 38% to OMR 1.008 million ($2.62 million) compared to OMR 731,266 ($1.9 million) in the same period last year, as per the company’s statement to the Muscat Securities Market (MSM).