Mubasher: Al Batinah Hotels trimmed its losses for the fourth quarter of 2016 to OMR 9,170 ($23,730) from OMR 61,170 ($158,320) for Q4-15.

In the fiscal year 2016, net profit reached OMR 19,380, 24.7% down from OMR 25,690 for fiscal 2015, according to a bourse statement released on Wednesday.