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FINANCIAL NEWS
Oman’s Ooredoo net profit grows by 12 percent
17 Jul 2016
(MENAFN) Ooredoo posted a 12.2 percent increase in net profit for the first six months of this year, while its teleco’s net profit grew to USD64.018mn from USD57.07mn.
On the other hand, Q2 net profit reached USD31.62mn, an increase of 7 percent from USD29.56mn.
Accordingly, the firm’s mobile and fixed customer base grew by 3.2 percent to USD7.30mn, while six-month revenue gained 8.9 percent to USD341.43mn.
Furthermore, the company’s net profit involves an adjustment relating to an income-tax provision.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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