DUBAI, July 14 (Reuters) - Ooredoo Oman , the sultanate's No.2 telecom operator, reported a 7 percent rise in second-quarter net profit on Thursday as revenues increased.
The firm, majority-owned by Qatar's Ooredoo, made a net profit of 12.3 million rials ($32.00 million) in the three months to June 30, it said in a statement. This compares with a profit of 11.5 million rials in the year-earlier period.
Gulf Baader Capital Markets forecast Ooredoo Oman would make a quarterly profit of 12.2 million rials. br>
Ooredoo Oman ended Oman Telecommunication Co's (Omantel) monopoly in 2005.
Second-quarter revenue was 66.7 million rials. This compares with 62.6 million rials a year earlier, the statement added. ($1 = 0.3849 Omani rials)
(Reporting By Tom Arnold; Editing by Elaine Hardcastle) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The firm, majority-owned by Qatar's Ooredoo, made a net profit of 12.3 million rials ($32.00 million) in the three months to June 30, it said in a statement. This compares with a profit of 11.5 million rials in the year-earlier period.
Gulf Baader Capital Markets forecast Ooredoo Oman would make a quarterly profit of 12.2 million rials. br>
Ooredoo Oman ended Oman Telecommunication Co's (Omantel) monopoly in 2005.
Second-quarter revenue was 66.7 million rials. This compares with 62.6 million rials a year earlier, the statement added. ($1 = 0.3849 Omani rials)
(Reporting By Tom Arnold; Editing by Elaine Hardcastle) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
