Monday 9 May 2011

Omantel's Q1 profit falls 19.8 pct - Maktoob News

First-quarter net profit at Oman Telecommunications Co (Omantel) fell 19.8 percent, the company said in a statement, ahead of releasing full financial results later in the week.

The former monopoly reported a first-quarter profit of 26 million rials ($67.53 million), in line with analyst estimates, but down from 32.4 million rials in the year-earlier period.

Analysts polled by Reuters had expected the firm to post a quarterly profit of 26.2 million rials.

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