Nawras reports 21.4% decline in Q1 net profit

Nawras today reported that revenues for Q113 were up by three per cent year-on-year to OMR 48.2 million (US$125.4 million). The operator attributed the growth to the increases in both fixed and mobile data revenue as well as international voice revenue offset by a decrease in SMS and national voice revenue.

EBITDA for Q113 was OMR23.2 million, down from OMR24.2 million in Q112. Net profit for the quarter was OMR 7.7 million, down 21.4 per cent year-on-year, with the operator explaining that net profit was affected by higher depreciation due to network modernisation.

Total customer numbers grew by12.3 per cent in the quarter to 2.23 million.

The fixed service customer base increased by 57 per cent to 51,532 customers, while the mobile post-paid customer base grew by 5.9 per cent to 182,090 customers. Mobile prepaid customers increased by 12.2 per cent to two million.