Orange Jordan notes 5% drop in profit

Jordan Telecom Group, which operates under France Telecom’s (FT’s) Orange moniker, noted a 5% fall in net income to JOD90 million (USD126.4 million) for the full year 2011, with revenue growth offset by increases in operating expenses. The company saw a slight increase in revenues in 2011, attributed to the success of 3G services, with income growing 2% to JOD412 million. Operating expenses increased by 9% to JOD249 million over the twelve-month period, despite a 9% drop in administrative costs to JOD25 million; expenditure from sales and marketing rose by 3% to JOD38 million

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OVETEL Orange Jordan notes 5% drop in profit