Mubasher: Al Batinah Hotels’ net losses for the third quarter of fiscal 2016 deepened by 142.7% to 51,540 ($133,410), versus OMR 21,240 ($54,980) for Q3-15.

In the first nine months of the year, net profit declined by 67.1% to OMR 28,550 from OMR 86,860 for the same period of 2015, according to a bourse filing released on Wednesday.

Total revenues for the nine-month period amounted to OMR 1.09 million, versus OMR 1.10 million for the same period last year.

The company earlier posted a net profit of OMR 80,090 for H1-16, 25.9% down from OMR 108,100 for H1-15.