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Ooredoo Oman 1Q2016 net income reaches OMR12.6 million

Ooredoo Oman has just released 1Q2016 headline figures, with net income reaching OMR12.6 million, rising 18% Y-o-Y and 36% Q-o-Q. This jump was supported by i) a strong top-line which totaled OMR66.1 million (+11.5% Y-o-Y; 1.3% Q-o-Q), possibly supported by strong data revenues; ii) a strong EBITDA margin, which came in at 56.4%. We suspect the company to have engaged in cost optimisation initiatives. (Company disclosure)

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