In results published on 15 February, Omantel disclosed that it made a net profit of RO9.8m ($25.5m) in the last three months of 2008, compared with RO29.4m in the same period of 2007.
Omantel blamed the sharp fall in profits on an impairment charge at its Pakistani subsidiary Worldcall Telecom. This reduced the group's net profits by RO18.9m.
Omantel's net profits for the year were up 4.2 per cent at RO117m. The company's full-year revenues were up 17 per cent at RO428m.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
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.