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.

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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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