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FINANCIAL NEWS
Omantel income grows at USD 349.56mn
14 Apr 2016
(MENAFN) Oman Telecommunications Co. (Omantel), proclaimed that its revenue for Q1 of this year increased 4.7 percent to USD 349.56mn from USD 335.06mn of 2015.
Additionally, the group net profit was USD 90.1mn for the cited quarter of this year to USD 89.59mn in 2015, a rise of 0.6 percent.
Furthermore, the net profit viewed a positive income increase of 5 percent related by revenues from Fixed Mobile broadband services.
The firm’s earnings before interest, tax and amortization reached higher at USD 182.28mn for the first quarter of this current year.
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