Mubasher: Dhofar International Development and Investment Holding Company posted a decline in profits for the first quarter of 2017 by 45.24% year-on-year, according to a bourse filing.
The company said in a statement to the Muscat Securities Market (MSM) that profits totalled OMR 1.86 million ($4.81 million) in Q1-17, compared to OMR 3.4 million ($8.79 million) in Q1-16.
Dhofar also reported that returns from sister companies and subsidiaries dropped 19.32% in Q1-17 to OMR 3.57 million down from OMR 4.43 million in the same period last year.
