Mubasher: Oman United Insurance posted a 60% year-on-year decline in its profits during the fourth quarter of 2016, according to a bourse filing.

Profits reached OMR 60,000 ($155,300) in Q4-16, compared to OMR 150,000 ($388,250) in Q4-15.

In 2016, profits rose 31.7% from OMR 4.36 million to reach OMR 3.31 million in 2015.