Al Batinah Hotels announced its financial results to Muscat Securities
Market (MSM) for the fiscal year (FY) ending December 31, 2014,
reporting a profit drop by 56.83% to OMR 80.945 THD ($210.36 THD) in
2014, compared to OMR 187.5 THD ($487.32 THD) in 2013.
The
Company’s total revenues declined 14.92% to OMR 1.1 billion in 2014,
compared to OMR 1.3 billion in 2013.
Al Batinah Hotels
operates within the consumer services sector focusing on hotels,
resorts and cruise lines. Its capital amounts to about OMR 3.621
million, distributed on 3.621 million shares at OMR 1 par value each.
Photo Credit: Arabianeye-Reuters
