Omantel reports 9% net profit increase

Domestic customer base has grown by 6.8%
Omantel, Profit. benefits. revenue, Results


Omantel has revealed its preliminary financial results for the period ended 30th June 2014, recording an increase in net profit of 9%.

The company’s revenue has reached RO238.6 million ($619m) as of 30th June 2014 compared to RO239.3 of the corresponding period of 2013, while the net profit has reached RO66 million compared to RO60.5 million in 2013.

Omantel domestic customer base has grown by 6.8% while the Group customer base has also grown by 5.5% year on year.

Commenting on the results, Omantel chief executive officer, Talal bin Said Al Mamari said: “Omantel has continued to see a steady growth especially in the net profit despite the decline of revenue from some services, which has been offset by the growth of mobile and fixed broadband services”.

“We are pleased with the results the Company achieved during the first half of 2014 that have seen our mobile and fixed broadband customer base growing at very good pace contributing to the overall net profit growth," Al Mamari added. 

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