17 Apr 2017
(MENAFN) Oman Telecoms Co. proclaimed that its group revenue for the first quarter of this year reached lower at OMR23.8mn, against
OMR34.8mn for the same period of 2016, a fall of 31.6pct.
In addition, the decline in revenue is attributed to increase in royalty rates effective from Jan 1, this year, while the increase in royalty expense is OMR6.4mn.
However, total group revenue fell by 1 percent to OMR132.6mn, against OMR133.9mn, whereas operating expenses were down by 3.3 percent at OMR63.8mn.
Moreover, the earnings before interest, tax and depreciation and amortization reached lower at OMR68.8mn, against OMR72.2mn for the first quarter of 2016.
MENAFN1704201700450000ID1095398452
MENAFN1704201700450000ID1095398452
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more