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Hotels Management H1 profits fall 13.85%

Hotels Management H1 profits fall 13.85%
Photo Credit: Arabianeye-Reuters
GHM
HMCI
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Oman – Mubasher: Hotels Management International Co. (HMCI) said it achieved a profit after tax of OMR 1.62 million ($4.19 million) during the first six months of 2015, a drop by 13.85% from OMR 1.88 million ($4.87 million) in the same period last year, according to the company’s filing to the Muscat Securities Market (MSM) on Thursday.

HMCI previously reported a 5.1% decline in profits for Q1-15 to OMR 1.299 million compared to OMR 1.368 million in Q1-14.