Mubasher: Al Maha Petroleum Products Marketing Company (MHAS) posted a 16% decrease year-on-year in its profits during the fourth quarter of 2016, according to a bourse filing.

Net profits reached OMR 1.05 million ($2.73 million) in Q4-16, compared to OMR 1.25 million ($3.23 million) in Q4-15.

The company generated profits of OMR 8.75 million in 2016, compared to OMR 9.2 million in 2015.