Ooredoo Oman reported 16.2% rise in net profit

21/07/2015 19:42 AST

Ooredoo Oman, the sultanate's No.2 telecom operator, reported a 16.2 per cent rise in second-quarter net profit on Tuesday.

The firm, majority-owned by Qatar's Ooredoo, made a net profit of RO11.5 million ($29.9 million) in the three months to June 30, up from RO9.9 million in the year-earlier period.

Gulf Baader Capital had forecast Ooredoo Oman to make a net profit of RO11 million in the quarter.

It has reported rising profits in five of the preceding seven quarters, but before that profits fell for seven straight quarters.

Second-quarter revenue was RO62.6 million, the company said in a bourse statement. This compares with RO55.5 million a year ago.

The company had 2.75 million mobile and fixed line subscribers as of June 30, up 11.4 per cent from a year earlier.

Ooredoo Oman ended Oman Telecommunication Co's (Omantel) monopoly in 2005.


Trade Arabia

News

Ooredoo posts RO23mn net profit for 9 months

26/10/2017

Ooredoo Oman reported a net profit of RO23.1mn for the nine months period ended September 30, 2017. This was 38.6 per cent lower compared with a net profit of RO37.6mn reported for the same period of

Muscat Daily

Ooredoo signs new $177m financing deal

15/01/2016

Omani Qatari Telecommunications Company 'Ooredoo' has signed three new financing agreements with local and international banks worth $177 million (RO68 million).

The new funding will be

Trade Arabia

Ooredoo, OMPC to provide business telecom solutions suiten

15/01/2016

Ooredoo has signed a deal with Oman Munitions Production Company (OMPC) to provide the high-profile government-owned company with a full suite of advanced business telecommunication solutions.

Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

ORDS.MSM Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
OQEP 0.43 -0.01 (-2.28%)
OTEL 1.31 -0.03 (-2.24%)
OQGN 0.21 0.00 (0.00%)
PHPC 0.23 0.00 (0.00%)
ABRJ 0.38 -0.01 (-2.57%)

Recent News

Takween Advanced Industries Unveils Capital Restructuring Plan

24/06/2026

Takween Advanced Industries (Tadawul: 1201) has announced that its Board of Directors, in a meeting held on June 23, 2026, resolved to recommend a significant restructuring of the company's capital.

Borsatalkhaleej

NBK's exclusive offer for new Jawhara customers: KD 50 and a chance to become a millionaire

24/06/2026

National Bank of Kuwait (NBK) has launched an exclusive offer for new customers, enabling them to open an Al-Jawhara account seamlessly through the NBK Mobile Banking App, without the need to visit a

Kuwait Times

Action Energy Co appoints KIC as market maker to enhance share liquidity

24/06/2026

Action Energy Company KSCP. (listed on the Premier Market of Boursa Kuwait: ALFTAQA), Kuwait's leading local partner for integrated upstream services, owner and operator of one of the youngest rig fl

Kuwait Times

Dana Gas gets Egypt dues cleared after new gas find beats forecast

24/06/2026

Dana Gas said Egypt has settled all overdue receivables and returned to full, timely payments, giving the Sharjah-based natural gas company fresh confidence to continue investing in the country after

Gulfnews

OQEP signs amendment to Block 9 agreement to boost oil output, reserves growth

24/06/2026

OQ Exploration & Production (OQEP) has signed an amendment to the Exploration and Production Sharing Agreement (EPSA) for Block 9, a move aimed at increasing operational activity, supporting producti

Muscat Daily

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap