Oman Telecom to distribute 40pct interim dividend


(MENAFN) Oman Telecommunications Co. (Omantel) confirmed a proposal to pay an interim dividend of 40 percent among shareholders.

Moreover, the board also approved its fiscal results for H1 of this year, which achieved 9 percent growth in net profit to OMR66.8mn.

Meanwhile, whole revenue increased by 5.9 percent to OMR271.6mn for the cited period, up from OMR256.6mn a year ago.

In addition, operating expenses of the firm posted a marginal 2.4 percent increase to OMR77.7mn for the first half of this year.


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.