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FINANCIAL NEWS
Omantel net profit grows by 4.8pct
16 Oct 2016
(MENAFN) Oman Telecoms Co. (Omantel) proclaimed that its profit for the Jan-Sep period of this year increased by 4.8 percent to OMR95.1mn, from OMR90.7mn of 2015.
Moreover, the group’s revenue also grew by 4.3 percent to OMR399.8mn for the cited period of this year, from OMR383.3mn for the same period of 2015.
In addition, operating expenses also rose by 4.3 percent to OMR269.9mn amid the period, whereas earnings before interest, tax and amortization grew by 6.9pct.
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