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FINANCIAL NEWS
Nawras posts net loss in first 9 months
24 Oct 2013
(MENAFN) The Omani Qatari Telecommunications Company, Nawras, announced that net profit in the January-September suffered losses, Times of Oman reported.
In the first nine months, net profit plunged to USD59.8 million from USD69.1 million in the same period last year, recording a 13.5 percent drop.
The company’s revenues, however, increased by 5 percent in the period hitting USD386.4 million, up from USD368 million in the prior-year period.
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