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Ooredoo Oman reports 27 percent decline in Q1 profit

26 Apr 2020

Ooredoo Oman has reported a 27.1 per cent decline in its net profit for the three months period ending March 31, 2020. The company’s net profit in the first quarter of 2020 came at RO6.2mn as compared to RO8.5mn in the same period of last year. 

Ooredoo’s total revenue decreased 1.7 per cent to RO67.4mn during January – March period of this year from RO68.6mn in the corresponding period of 2019. 

Ooredoo’s total subscribers base in Oman also fell by 6.7 per cent as the number of mobile and fixed customers dropped to 2.844mn as of March 31, 2020 from RO3.049mn a year ago. 
 

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