Mubasher: Gulf Hotels Oman reported a 17.5% decrease year-on-year in its profits during the fourth quarter of 2016, according to a bourse statement.
Profits reached OMR 660,000 ($1.71 million) in Q4-16, compared to OMR 800,000 ($2.07 million) in Q4-15.
The company generated profits of OMR 1.74 million in 2016, down 22.7% from OMR 2.25 million in 2015.
