Mubasher: Sweets of Oman reported net profits of OMR 112,447 ($291.057) for third quarter of 2016 down by 54% y-o-y.

The company saw net profits of OMR 243,900 ($631.568) for the same period of the previous year.

As for the first nine months of 2016, the company registered a decline of 25.8% in its net profits as it reached OMR 364, 023.

The company reported earlier an increase of 2% for its net profits for the first half of 2016.as it stood at OMR 251,576.