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DUBAI, Jan 15 (Reuters) - Ooredoo Oman ORDS.OM
, 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 ORDS.QA
, 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.
* Fourth-quarter revenue of 68.2 million rials, versus 65.2 million rials a year earlier.
* Full-year profit of 46.3 million rials, versus 41.6 million rials in 2015.
Ooredoo Oman competes with Oman Telecommunications OTL.OM
(Omantel) for market share. The telecom operators will have to pay a 12 percent royalty fee on their revenues in 2017, up from 7 per cent in the previous year.
($1 = 0.3850 Omani rials)
(Reporting by Alexander Cornwell; Editing by Tom Arnold) ((Alexander.Cornwell@thomsonreuters.com;))
* The firm, majority-owned by Qatar's Ooredoo
* Gulf Baader Capital Markets forecast: 10.6 million rials net proft.
* Fourth-quarter revenue of 68.2 million rials, versus 65.2 million rials a year earlier.
* Full-year profit of 46.3 million rials, versus 41.6 million rials in 2015.
Ooredoo Oman competes with Oman Telecommunications
($1 = 0.3850 Omani rials)
(Reporting by Alexander Cornwell; Editing by Tom Arnold) ((Alexander.Cornwell@thomsonreuters.com;))