Mubasher: Al Suwadi Power reported a 2.6% decline year-on-year in its losses during the fourth quarter of 2016, according to unaudited financial statements.

Losses reached OMR 2.66 million ($6.9 million) in Q4-16, compared to OMR 2.73 million ($7 million) in Q4-15.

The company generated net profits of OMR 9.07 million in 2016, compared to OMR 7.25 million in 2015.

Revenues stood at OMR 69.36 million in 2016, compared to OMR 66.71 million in 2015.