Mubasher: SMN Power Holding Company’s unaudited financial results showed a rise of 228% in net profit for the fourth quarter of fiscal 2016 to OMR 4.46 million ($11.54 million), versus OMR 1.36 million ($3.52 million) for Q4-15.

Net profit for the fiscal year 2016 increased 30.3% to OMR 11.75 million from OMR 9.02 million for 2015, according to a bourse filing released on Wednesday.

The company earlier reported a net profit of OMR 7.29 million for the first nine months of 2016.