(MENAFN) Ooredoo Oman, the Sultanate's number 2 telecom operator, recorded a 17.8 percent increase in Q1 net profit, its seventh rise in nine quarters.
Additionally, the firm made revenue of USD 32.73mn in the cited quarter to March. 31, compared with a profit of USD 27.71mn in 2015.
The firm, which ended Oman Telecommunication firm's (Omantel) monopoly in 2005, reported rising profits in six of the preceding eight quarters.
Moreover, first quarter income was USD 171.15mn, compared with USD 153.54mn a year earlier.
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.