{"id":8833,"date":"2012-05-02T05:57:42","date_gmt":"2012-05-02T05:57:42","guid":{"rendered":"https:\/\/teletimesinternational.com\/?p=8833"},"modified":"2012-05-02T05:57:42","modified_gmt":"2012-05-02T05:57:42","slug":"omantel-net-profit-rises-by-13-percent","status":"publish","type":"post","link":"https:\/\/teletimesinternational.com\/2012\/omantel-net-profit-rises-by-13-percent\/","title":{"rendered":"Omantel net profit rises by 13 percent"},"content":{"rendered":"<p><a href=\"https:\/\/teletimesinternational.com\/wp-content\/uploads\/2012\/05\/Omantel1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-8834\" title=\"Omantel\" src=\"https:\/\/teletimesinternational.com\/wp-content\/uploads\/2012\/05\/Omantel1-231x300.png\" alt=\"\" width=\"231\" height=\"300\" \/><\/a>Total Group Subscribers Up by 11{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} and Domestic Subscriber Base Grew By 13{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nOman Telecommunications Company S.A.O.G (Omantel), the Sultanate\u2019s  leading telecom company, has announced today its preliminary financial  results showing an increase in the net profit after tax by 13{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to R.O  29.1 Million despite having a marginal decrease in the revenue by 0.4{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}  to RO 111.1 million from RO 111.5 million in the corresponding period of  2011.<br \/>\nThe marginal decline in the revenue figures is mainly attributed to the  one-off revenue of\u00a0 RO 9.046 Mn for the capacity sale which happened in  Q1 2011. Excluding this one-off Revenue of last year, the group Revenue  for this year\u2019s quarter recorded a growth of 8.4{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}. The increase is  mainly driven by impressive growth of domestic mobile retail revenues by  10{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}.<br \/>\nFinancial Highlights:<br \/>\nIn RO Mn\u00a0\u00a0\u00a0 Three Months ended 31st March<br \/>\n2012\u00a0\u00a0\u00a0 2011\u00a0\u00a0\u00a0 Change {e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nRevenue\u00a0\u00a0\u00a0 111.1\u00a0\u00a0\u00a0 111.5\u00a0\u00a0\u00a0 -0.4{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nEBITDA\u00a0\u00a0\u00a0 57.9\u00a0\u00a0\u00a0 57.3\u00a0\u00a0\u00a0 1.1{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nEBITDA{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}\u00a0\u00a0\u00a0 52{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}\u00a0\u00a0\u00a0 51{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nNet Profit\u00a0\u00a0\u00a0 29.1\u00a0\u00a0\u00a0 25.8\u00a0\u00a0\u00a0 12.9{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nNet Profit {e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}\u00a0\u00a0\u00a0 26{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}\u00a0\u00a0\u00a0 23{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nGroup Customer Base (In Mn)\u00a0\u00a0\u00a0 3.6\u00a0\u00a0\u00a0 3.3\u00a0\u00a0\u00a0 11.3{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}<br \/>\nOmantel subscriber base witnessed an impressive growth both in the  domestic and group levels. The Company witnessed an increase in the  total group customer base (including Worldcall subscribers) by 11{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to  3.627 million as of 31st March 2012 compared to 3.258 million on the  corresponding period of 2011.\u00a0 Excluding Worldcall subscribers,  Omantel\u2019s domestic subscriber base witnessed a remarkable growth of 13{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}  as of 31st March 2012 reaching 2.693 million mainly contributed by its  mobile business.\u00a0 Omantel Mobile continued to lead the market with a  significant growth in the Company\u2019s mobile network\u2019s market share to  60{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}, making Omantel Mobile again the fastest growing mobile operator in  the Sultanate for the sixth quarter in a row.<br \/>\nThe total operating expenses decreased by 3.6{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to RO 79.6 million  compared to RO 82.6 million for the corresponding period of year 2011.  The major reasons for decrease in operating expenses are reduction in  cost related to submarine capacity sale of RO 7.1 Mn incurred in  Q1\u20192011.<br \/>\nCommenting on these remarkable results, Omantel\u2019s Chief Executive  Officer, Dr. Amer Awadh Al Rawas said: \u201cWe are proud to see our Company  making this impressive growth despite the challenging market conditions  and increased competition in the domestic market\u201d.<br \/>\nDr. Amer further noted: \u201cThis growth is principally attributed to the  growth of domestic mobile retail revenues by 10{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} as we continued to lead  the market and grow our mobile network market share from 54.7{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}  (Q1\u20192011) to 60{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} (Q1\u20192012) notwithstanding the increased competition in  the mobile arena\u201d.<br \/>\n\u201cWe are gaining the fruits of having a strategy and operating model that  is customer-centric and are very much delighted that all our businesses  have contributed in making this success. I would like to thank our  loyal customers, visionary Board, committed employees and supportive  shareholders who have always been part and in support of Omantel\u2019s  journey of transformation\u201d Al Rawas concluded.<br \/>\nOmantel said that these results are preliminary unaudited and are  subject to the Audit Committee and Board of Directors approval in their  forthcoming meetings which will be held within the statuary period set  by Capital Market Authority (CMA).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total Group Subscribers Up by 11{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} and Domestic Subscriber Base Grew By 13{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} Oman Telecommunications Company S.A.O.G (Omantel), the Sultanate\u2019s leading telecom company, has announced today its preliminary financial results showing an increase in the net profit after tax by 13{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to R.O 29.1 Million despite having a marginal decrease in the revenue by 0.4{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-8833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middleeast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - 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