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Oman Hotels & Tourism posts Q2 profit

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Oman Hotels & Tourism posts Q2 profit

Oman Hotels & Tourism Co. SAOG said its normalized net income for the second quarter was 264,730 rials.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 36.3%.

Total revenue came to 767,170 rials.

Reported net income came to a loss of 6.6 million rials, or a loss of 94 baiza per share.

As of July 26, US$1 was equivalent to 385 Oman baiza.