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FINANCIAL NEWS
Omantel posts 2.5% decline in Q1 profit
10 May 2013
(MENAFN) Oman Telecommunications announced that its profit during the first three months contracted 2.5 percent to USD75.6 million, reported Gulf Daily News.
The company’s revenue was up 0.3 percent to USD297.3 million for the first quarter, as subscriber base grew.
However, network upgrades and increased costs led to a 5.4 percent jump in operating expenses.
It is worth noting that telecoms in the region are suffering from a decrease in voice call revenue as more users rely on chat applications such as Whatsapp.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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