Mubasher: Hotels Management Co International (HMCI) said Sunday that its profits for the second quarter of 2016 fell by 33.3% year-on-year to OMR 1.08 million ($2.8 million) from OMR 1.62 million ($4.17 million), according to a bourse filing.

In the first six months of 2016, the company earned OMR 2.11 million, down 27.7% from OMR 2.92 million registered in Q1-15.

In the first quarter of 2016, the company’s earnings fall by 20.8% year-over-year to OMR 1.03 million from OMR 1.3 million.