Audited financial statements for Salalah Ports Services (SPS), posted to the Muscat Securities Market (MSM), reveal a profit decline by 7.56% to OMR 5.2 million for the fiscal year 2014 ($13.5 million) against OMR 5.7 million ($14.8 million) for FY13.

Revenues also retreated to OMR 53.5 million against OMR 58.5 million by the end of 2013.

The Oman-based ports company had reported a decline in its profits for the first nine months of 2014 by 6.1% or OMR 4.49 million compared to figures from the same period in 2013.