Ooredoo Oman reports 22% rise in Q115 next profit

Ooredoo Oman today reported that revenues for Q115 were up 12.5 per cent to OMR 59.3 million (US$154 million) year-on-year, driven by increases in both mobile and fixed data revenue.

EBITDA for the quarter amounted to OMR 33.8 million, up 23.8 per cent year-on-year due to higher revenue, while net profit came in at OMR 10.7 million, up 21.6 per cent due to an improvement in EBITDA that was partially off-set by investment in network modernisation and expansion.

Total number of customers grew by 11.6 per cent in Q1 2015 from 2.43 million to 2.71 million.

The fixed service customer base decreased by 11.1 per cent to 58,435 customers in Q115, accounted for by the transition period to a new home broadband technology that is set to bring improved services to Ooredoo customers. The mobile post-paid customer base grew by 5.1 per cent to 199,206 customers, while the prepaid customer base for the quarter was up 12.8 per cent to 2.46 million.