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FINANCIAL NEWS
Clear Growth with 12.2% for Ooredoo Oman
31 Jul 2016
(MENAFN) While informing the unaudited results for the H1, the telecom operator announced that, an income growth of 8.9% for H1 this year was registered for Omani Qatari Telecommunications Company SAOG (Ooredoo), comparing to same period last year. This expansion was led by mobile and fixed data income.
Clear profits have reached USD 64.48 million, in H1 of this year comparing with the same time last year. This raising in profits was led by higher EBITDA, which to some extent offset by higher dropping cost, due to investment in network modernization. Additionally, income tax for Q2 of 2015 contains an additional charge of USD 2.33 million on account of the tax years 2008 to 2013.
CEO of Ooredo Oman, Greg Young, commenting on the results, confirmed: “We are pleased with our revenue growth in this first half of the year and this is confirmation of our continued focus on customer needs. Our growth is largely driven by a continued rise in data demand in the mobile and fixed markets, as well as a significant increase in fixed customer numbers.”
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