Mubasher: Bahrain Maritime and Mercantile International reported net profits of BHD 609,000 ($1.60 million) for the second quarter of 2016.

The company’s profits went down 0.74% y-o-y from BHD 2.34 million it reported at the same period of the previous year.

As for the first half of 2016, the company saw net profits of BHD 5.33 million down by 37.7% y-o-y.

Meanwhile, the company’s board recommended cash dividends of 20 Bahraini fils per share.