Mubasher: The financial statements of Al Sharqiya Investment Holding showed that the company has achieved a rise in profits in the second quarter of 2017 by 58.12% year-on-year.

According to the company’s statement to the Muscat Securities Market (MSM) on Tuesday, profits reached OMR 137,470 ($355,720) in Q2-17 compared to OMR 86,940 ($224,960) in Q2-16.

As for the first half of the year, profits declines by 50.92% to OMR 495,750 from OMR 1.01 million in the same period last year.

The company’s revenues decreased by 38.5% to OMR 900,000 in H1-17 down from OMT 1.46 million in H1-16, the statement noted.