RPT-CORRECTED-(OFFICIAL)-Omantel Q3 profit drops 33 pct

Mon Nov 8, 2010 11:40am EST

(Corrects in headline to 33 pct from 29 pct; corrects in fourth paragraph to show nine-month profit of 83 million rials, not 84 million, following official correction from company. Also corrects three-month figures to conform and repeats to additional Reuters clients)

DUBAI/MUSCAT Nov 8 (Reuters) - Oman Telecommunications Co OTL.OM on Monday reported a 33 percent fall in third-quarter net profit, missing analysts expectations.

The national telecoms provider made a profit of 22 million Omani rials in the three months ending in September, compared with 32.83 million rials in the year-earlier period, according to Reuters calculations.

Analysts polled by Reuters had estimated an average third- quarter profit of 27.50 million rials. [ID:nLDE69907O]

Omantel reported a nine-month profit of 83 million rials, down from 105.8 million rials in the same period last year, it said in a statement. (Reporting by Jason Benham; Editing by Matt Smith) ($1=.3851 Omani Rial)

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