Mubasher: Oman Fiber Optic reported a 49% decline year-on-year in its profits during the fourth quarter of 2016, according to a bourse filing.

Profits reached OMR 530,000 ($1.37 million) in Q4-16, compared to OMR 1.04 million ($2.69 million) in Q4-15.

The company generated profits of OMR 2.54 million in 2016, down 57.8% from OMR 1.61 million in 2015.