In a statement to the Muscat Securities Market, Oman’s second national telecoms operator Nawras Telecom has announced its preliminary unaudited financial results for the year ended 31 December 2011. The company said it generated revenue of OMR196.9 million (USD511 million) in 2011, an increase of 4.2% compared to the OMR188.9 million reported the previous year, while turnover for the fourth quarter of 2011 rose 1.8% year-on-year to OMR50.8 million
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OVETEL Nawras net profit hit by higher depreciation, amortisation charges
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