Ooredoo Oman upbeat on profit growth

Oman’s second operator posts 10.8% rise in Q4 net profit
Ooredoo Oman has achieved growth in six successive quarters.
Ooredoo Oman has achieved growth in six successive quarters.


Ooredoo Oman, the country’s second telecom operator, posted a 10.8% increase in fourth-quarter net profit on Wednesday, its sixth rise in eight quarters.

The firm, majority-owned by Qatar's Ooredoo, made a net profit of 9.2 million rials ($23.90 million) in the three months to December 31, up from 8.3 million rials in period in 2014, it the company said in a statement, Reuters reported.

Fourth-quarter revenue was 65.2 million rials. This compares with 60.5 million rials a year earlier, the report added.

Ooredoo Oman, which was formerly known as Nawras, launched services in 2005, breaking the monopoly of Omantel.

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