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Qatari Nawras Q4 revenue increased 2.7%

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Staff writer ▼ | February 3, 2014
Omani Qatari Telecommunications Company SAOG (Nawras) announced preliminary unaudited financial results for the year ended December 31, 2013. Revenue increased by 2.7% in Q4 2013 to OMR 52.8 million, from OMR 51.4 million for the same period last year.
Nawras
NawrasOmani Qatari Telecommunications Company SAOG (Nawras) announced preliminary unaudited financial results for the year ended December 31, 2013. Revenue increased by 2.7% in Q4 2013 to OMR 52.8 million, from OMR 51.4 million for the same period last year.


Full year revenue increased by 4.4% to OMR 202.0 million compared with OMR 193.5 million in 2012. The increase in revenue is driven by growth in mobile and fixed data revenues, offset partially by decline in SMS.

EBITDA achieved in Q4 2013 was OMR 27.4 million compared to OMR 26.2 million in the same period last year, an increase of 4.6%. 2013 EBITDA increased by 4.2% to OMR 98.9 million compared with OMR 94.9 million in 2012. Improvement in EBITDA for 2013 was driven by revenue growth and lower cost of sales partially offset by higher Opex.

Net profit for the fourth quarter was OMR 10.0 million compared with OMR 10.3 million for the same quarter in 2012, slight decline of 2.9%. Total net profit achieved for year 2013 was OMR 33.1 million compared to OMR 37.0 million in 2012, a decline of 10.5%. Despite higher EBITDA, net profit was affected by higher depreciation due to the investment in network modernisation and expansion.

Total customers grew by 9.3% or 203,797 to 2,396,826 by end of 2013 compared to 2,193,029 for year 2012.

The fixed service customer base grew by over 45% to 64,287 in 2013 compared to 44,261 at the end of 2012. The mobile post-paid customer base expanded by 4.3% to 186,917 compared with 179,182 customers in 2012. The mobile pre-paid customer base increased by 8.9% from 1,969,586 in 2012 to 2,145,622 in 2013.


 

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