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Omani telecom posts 12% profit rise in Q1

Omani telecom posts 12% profit rise in Q1
Photo Credit: Arabianeye-Reuters
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Oman – Mubasher: Oman Qatari Telecommunications announced its financials for the first quarter of 2015 and reported a profit of OMR 2.715 million compared to OMR 2.433 million in Q1 of last year, registering an increase by 11.6%, according to the filing to the Muscat Securities Market (MSM) on Wednesday.

Total revenues increased 12.1% to OMR 226.4 million in Q1-15, compared to OMR 202 million during the same period in 2014. The telecom attributed the growth to increased revenues from wireless and fixed data services as well as revenues from international calls.

Oman Qatari Telecommunications’ capital amounts to OMR 65.094 million divided on 650,944,230 shares.