Omani Qatari Telecommunications Company SAOG reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was OMR 64.01 million compared to OMR 64.36 million a year ago. Net income was OMR 3 million compared to OMR 5.2 million a year ago. Basic earnings per share from continuing operations was OMR 0.005 compared to OMR 0.008 a year ago.
For the six months, sales was OMR 129.88 million compared to OMR 129.09 million a year ago. Net income was OMR 5.77 million compared to OMR 9.67 million a year ago. Basic earnings per share from continuing operations was OMR 0.009 compared to OMR 0.015 a year ago.
Omani Qatari Telecommunications Company SAOG is an Oman-based company, which is engaged in the installation, operation, maintenance and exploitation of mobile and fixed public telecommunications systems. The Company reports two segments: Operation of Global System for Mobile Communication (GSM) for prepaid and post paid services, sale of telecommunication equipment and other associated services, as well as Provision of international and national voice and data services from fixed line, sale of telecommunication equipment and other associated services. The Company serves for both individuals and corporate clients. It operates on domestic market.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
