Revenue Grows by 4.7% to R.O 135.5 Million and Net profit Reaches R.O 34.8 Million
Oman Telecommunications Company S.A.O.G (Omantel. MSM: OTEL), revealed today the Company’s preliminary unaudited financial results for the 1st Quarter ended on 31st March 2016. Group revenue recorded a growth of 4.7% to R.O 135.5 million compared with R.O 129.4 million in the corresponding period of 2015. Cost of Sales increased by 8.4%, while Operating Expenses recorded a decrease of 3.5% compared to the corresponding period.
Oman Telecommunications Company S.A.O.G (Omantel. MSM: OTEL), revealed today the Company’s preliminary unaudited financial results for the 1st Quarter ended on 31st March 2016. Group revenue recorded a growth of 4.7% to R.O 135.5 million compared with R.O 129.4 million in the corresponding period of 2015. Cost of Sales increased by 8.4%, while Operating Expenses recorded a decrease of 3.5% compared to the corresponding period.