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Rising revenue pushes Omantel profit higher
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Rising revenue pushes Omantel profit higher
Oman Telecommunications Company (Omantel) reported a rise in net profit for the first quarter of this year, supported by revenue growth from domestic operations and Zain Group, its Kuwaiti subsidiary. Net profit attributable to shareholders jumped 23 percent year on year to OMR21 million ($55 million) in the quarter ended March 31, primarily driven by Zain’s stronger contribution, the telco said in a statement to the Muscat stock exchange. Reven…
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