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Nawras reports 21% drop in Q1 income
- Oman: Monday, April 29 - 2013 at 02:17
Oman's second telecoms operator Nawras has announced its first-quarter profit fell 21%, as SMS and domestic call income dropped, Reuters has reported. Nawras, majority-owned by Ooredoo, made a net profit of OR7.7m ($20m) in the three months to March 31, down from OR9.8m in the year-earlier period. The company also said increased depreciation arising from network modernisation had impacted its net profit. The operator had 2.23 million fixed and mobile customers as of March 31, up 12.3% from a year earlier.
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