Mubasher: Sahara Hospitality reported a 16.8% profit decrease over the fourth quarter ended 30 November 2016, according to a bourse statement on Thursday.

Net profit declined to OMR 577,190 ($1.5 million) from OMR 693,780 ($1.8 million) for the year-ago period.

On a yearly basis, the company thus earned OMR 2.53 million, lower 1.44% if compared with the year-ago results.

Earlier, the company announced higher nine-month profits by 4.4% year-over-year to OMR 1.92 million from OMR 1.84 million.