(MENAFN) The Omani Qatari Telecommunications Company, Nawras, announced that net profit in the January-September suffered losses, Times of Oman reported.
In the first nine months, net profit plunged to USD59.8 million from USD69.1 million in the same period last year, recording a 13.5 percent drop.
The company's revenues, however, increased by 5 percent in the period hitting USD386.4 million, up from USD368 million in the prior-year period.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.