Financial statements for Hotels Management Company International (HMCI) for the fiscal year (FY) ending December 31, 2014, revealed a profit decline by 10.2% to OMR 2.6 million ($6.9 million) against OMR 2.9 million ($7.6 million) during the same period of 2013.
The Company’s revenues by the end of 2014 grew by 2.9% to OMR 12.2 million against OMR 11.85 million in 2013.
Financials for the Oman-listed firm showed an increase in costs to OMR 9.2 million in 2014 against OMR 8.62 million in 2013, registering a rise by 6.4%.
Worth noting, HMCI had reported a profit rise by 11.5% to OMR 1.6 million during the nine-month period, ending September 30, 2014.
Photo Credit: Arabianeye-Reuters
