Mubasher: Sohar Power initial financial results showed a fall of 55.6% in the company’s profits for the fourth quarter of fiscal 2016 to OMR 900,000 ($2.3 million), versus OMR 2.03 million ($5.25 million) for Q4-15.

Net profit for fiscal 2016, however, rose 21% to OMR 4.56 million from OMR 3.75 million for 2015, according to a bourse filing released on Sunday.