• Register

Nawras posts 3% drop in Q4 profit

: Saturday, February 01 - 2014 @ 01:53

Oman’s second telecoms operator, Nawras, has posted a 3% drop in fourth-quarter profit, due to higher depreciation linked to investment in network modernisation and expansion, Reuters has reported. Nawras, majority-owned by Ooredoo, made a net profit of OR10m ($25.97m) in the three months to December 31, compared with OR10.3m in the year-earlier period, the firm said. Revenue for the quarter increased 2.7% to OR52.8m from OR51.4m for the corresponding period in 2012, it said.

Today's Top Stories

Posted by

Saturday, February 1- 2014 @ 1:53 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs