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FINANCIAL NEWS
Omantel net profit grows by 9 percent
14 Jul 2016
(MENAFN) Oman Telecommunications Co. (Omantel) proclaimed that the firm’s initial unaudited fiscal results for Q2 ended on June 2016.
Moreover, the group’s net profit is USD 172.91mn compared to USD 158.68mn in 2015, an increase of 9 percent.
Meanwhile, the profit is pushed by strong local performance, which witnessed a high revenue growth of 6.7 percent.
In addition, the group revenue posted an increase of 5.9 percent to USD 703.06mn compared to USD 664.23mn in 2015.
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