Nawras reports 14% rise in profits

May 1, 2014 12:25 pm

Oman-based telecoms operator Nawras has posted a 14.3% rise in its net profit for the first quarter of 2014 to OR8.8m ($22.7m) from OR7.7m last year. Revenues for the three months increased by 9.4% to OR52.7m, compared with OR48.2m in the same quarter of 2013. The growth was mainly driven by increases in both fixed and mobile data revenue, as well as international voice revenue offset by a decrease in SMS revenue, said Nawras.