Nawras enjoys enviable Q1 performance with net income up 14.3%

Nawras today reported that revenues for Q114 grew by 9.4 per cent year-on-year to OMR52.7 million (US$137 million) driven by increases in both fixed and mobile data revenue as well as international voice revenue offset by a decrease in SMS revenue.

EBITDA amounted to OMR26.6 million, up 15.7 per cent, driven by the increase in revenue. Net profit for the quarter was OMR8.8 million, up 14.3 per cent year-on-year, with the total number of customers growing by 8.9 per cent in Q114 to 2.43 million.

The fixed service customer base grew by 27.5 per cent to 65,728 customers in Q114, with the mobile post-paid customer base growing by four per cent to 189,554 customers, and the mobile prepaid customer base increasing by 8.8 per cent to 2.18 million.