Wednesday 9 February 2011

Omantel Q4 profit climbs 50 pct, beats forecast | Reuters

Oman Telecommunications Co. OTL.OM posted a 50 percent jump in quarterly net profit on Wednesday, beating analysts average expectations.

The telecoms operator made a profit of 29 million rials in the three months ending Dec. 31, according to Reuters calculations, compared with 19.3 million rials in the comparable period one year earlier.

Analysts polled by Reuters had estimated an average fourth quarter profit of 22.4 million rials [ID:nLDE70C0E0].

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