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Sunday, 15 January 2017

Ooredoo Oman posts 5.4 pct Q4 net profit drop | Reuters

Ooredoo Oman posts 5.4 pct Q4 net profit drop | Reuters:

"Ooredoo Oman, the sultanate's No.2 telecom operator, reported a 5.4 percent fall in fourth-quarter net profit on Sunday.

* The firm, majority-owned by Qatar's Ooredoo, made 8.7 million rials ($22.6 million) in the three months to Dec. 31, down from 9.2 million rials in the year-earlier period, it said in a bourse statement.

* Gulf Baader Capital Markets forecast: 10.6 million rials net proft."



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