Mubasher: Bank Sohar reported an 80.6% decline in its profits for the third quarter of the fiscal year 2016, according to the unaudited preliminary financial results.
The bank's net profit reached OMR 4.13 million ($10.69 million) in Q3, compared with OMR 21.28 million ($55.08 million), a bourse filing revealed on Sunday.
Accordingly, the first nine-month profits fell 39.2% year-on-year to OMR 12.94 million from OMR 21.29 million.
