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.

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