DUBAI Jan 30 Oman's No.2 telecom operator,
Nawras, reported a 3 percent fall in fourth-quarter
profit on Thursday, due to higher depreciation linked to
investment in network modernisation and expansion.
The firm, majority-owned by Ooredoo, made a net
profit of 10 million rials ($25.97 million) in the three months
to Dec. 31, down from 10.3 million rials in the year-earlier
period, it said in a bourse statement.
Revenue for the quarter increased to 52.8 million rials, up
2.7 percent from 51.4 million rials for the corresponding period
($1 = 0.3851 Omani rials)
(Reporting by Olzhas Auyezov; Edting by)