Mubasher: Hotels Management Company International (HMCI) reported on Wednesday a net loss of OMR 1.3 million ($3.4 million) for the third quarter of fiscal 2016, 22.3% down from OMR 1.67 million ($4.32 million) for Q3-15.
The company’s net profit for the first nine months of 2016 reached OMR 813,700, versus OMR 1.25 million for the same period of 2015, according to a bourse filing.
Total revenues declined in the January-September period by 8.6% to OMR 6.92 million from OMR 7.6 million for the corresponding period last year.
HMCI earlier posted a net profit of a net profit of OMR 2.11 million for the first half of 2016, compared to OMR 2.92 million for H1-15.
