Thursday, 20 July 2017

Ooredoo net profit plummets, but customers increase

By Mary Lennighan, Total Telecom
Wednesday 13 May 15

Qatar-based telco posts strong customer growth in Indonesia, Myanmar; blames forex issues for weak bottom line.

Ooredoo's net profit almost halved in the first three months of 2015, as adverse foreign exchange rates made an impact, while revenue and EBITDA also slid, but customer numbers increased on the back of strong growth in some key markets. Qatar-based Ooredoo posted net profit of 501 million riyals (€123 million) in the January…

Ooredoo's net profit almost halved in the first three months of 2015, as adverse foreign exchange rates made an impact, while revenue and EBITDA also slid, but customer numbers increased on the back of strong growth in some key markets. Qatar-based Ooredoo posted net profit of 501 million riyals (€123 million) in the January…

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