Mubasher: Oman International Development and Investment (Ominvest) reported a 49.2% rise year-on-year in its profits during the fourth quarter of 2016, according to a bourse statement.

Profits reached OMR 13.56 million ($35.21 million) in Q4-16, compared to OMR 9.09 million ($23.61 million) in Q4-15.

The company generated profits of OMR 35.3 million in 2016, a decline of 39.5% from OMR 37.2 million in 2015.