Omantel Q2 profit down 19%

12 August 2010

Oman Telecoms Co (Omantel) has reported a 19% drop in second-quarter net profit to OR28.56m ($74.18m) compared to OR35.1m for the same period in 2009, as its operating costs rose, Reuters has reported. The company's operating expenses rose 25% in the first half of 2010, the firm said in a statement without elaborating.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.