Mubasher: Bahrain Maritime and Mercantile International (BMMI) posted a decline of 39.1% in profits to BHD 1.65 million ($4.3 million) in the first quarter of 2017 as compared to BHD 2.71 million ($7.1 million) in the same period of 2016.

Earnings per share (EPS) stood at BHD 15 in Q1-17 from BHD 20 in Q1-16, according to a bourse statement issued on Thursday.