Mubasher: Al Batinah Development and Investment Holding reported an 89.7% profit plunge to OMR 88,690 ($229,600) in the nine-month period ended 30 September 2015, compared to OMR 863,700 ($2.24 million) in the same period of 2014.

Revenues plunged 86.6% to OMR 283,500 in the first nine months of 2015 from OMR 2.11 million in the corresponding period of 2014.

The company previously posted profits of OMR 186,800 ($485,194) in Q1-15, a decline of 69.7% from OMR 616,600 ($1.6 million) in Q1-14.