The company's revenue has reached
Omantel said that growth was mainly driven by domestic retail revenues. However, a 28 per cent decline in
Fixed line business recorded a growth of 10.5 per cent, while revenues from mobile and fixed broadband services have recorded a growth of 28 per cent and 35 per cent, respectively. Domestic mobile and wholesale businesses declined by 1.8 per cent and 4.6 per cent, respectively.
Growth in domestic revenues are mainly driven by broadband and data revenues, however, the decline in revenues from national, international calls and SMS have impacted the overall revenue growth.
Group operating expenses decreased by 3.5 per cent to
Earnings before interest, taxes, depreciation and amortisation (Ebitda) and net profit after tax both have recorded an impressive growth of 4.1 per cent and 9 per cent, respectively.
In broadband segment, both mobile and fixed broadband services have been the key driver for the growth. Mobile and fixed broadband subscribers grew by 27 per cent and 33 per cent.
Omantel domestic subscriber base witnessed a remarkable growth of 6.8 per cent as of
"Omantel has continued to see a steady growth especially in the net profit despite the decline of revenue from some services, which has been offset by the growth of mobile and fixed broadband services," said Omantel Chief Executive Officer,
"We are pleased with the results the Company achieved during the first half of 2014 that have seen our mobile and fixed broadband customer base growing at very good pace contributing to the overall net profit growth," added
"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's journey to excellence,"
These financial results are preliminary ones and are subject to the approval of Omantel board of directors in its next meeting which will be held within the statuary period set by
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- Who's Next? More Nude Celeb Pics Hacked, Leaked
- Tips for Hiding, Securing Data on Smartphones
- ISIS Calls for Jihad Against 'Filthy French'
- Hispanic Enterprises Drive U.S. Economy
- Would You Trade Privacy for Job Security?
- Cristela Gets a Big Thumbs Up
- Iran Says Syria Strikes Illegal
- Fed in No Rush to Raise Interest Rates
- Lower Used-Car Prices Roil the Auto Industry