Omantel posts lower Q3 profits

Mubasher: Oman Telecommunications said Thursday that its profits for the third quarter of 2016 declined 3.7% year-on-year to OMR 288.3 million ($73.25 million) from OMR 29.4 million ($76.09 million), according to a bourse filing.

Over the first nine months, the company earned OMR 95.1 million, higher 7% year-on-year from OMR 90.7 million.

The first nine-month revenues increased 4.3% to OMR 399.8 million, compared with OMR 383.3 million profits for the year-ago period. 

Mubasher Contribution Time: 13-Oct-2016 05:59 (GMT)
Mubasher Last Update Time: 13-Oct-2016 05:59 (GMT)