Mubasher: Gulf Hotels Oman Company reported a rise in its profits by 1.4% year-on-year in the third quarter of 2016, according to a bourse statement.

Net profits reached OMR 73,000 ($188,950) in Q3-16, compared to OMR 72,000 ($186,360) in Q3-15.

The company generated profits of OMR 1.08 million in the first nine months of 2016, a decline of 25.5% from OMR 1.45 million in the prior-year period.