Ooredoo Group nine-month net profit jumps 33% to reach QR2.1bn ...Qatar

Ooredoo net profit jumped 33% to reach QR2.1bn for the nine months that ended in September, the major telecom group said. Ooredoo Group revenue for the nine-month period that ended in September stood at QR16.9bn, an increase of 4% compared to the same period last year. Group EBITDA for the period was QR6.9bn, a decrease of 1%. EBITDA has been normalised for two Indonesian non-recurring items, i.e., the data centre deal in 2022 and the tower sale and lease back in 2021. Capital expenditure (CAPEX) for the period stood at QR1.6bn, Ooredoo Group said. Consolidated customer base stood at 55mn, driven by growth in most markets offset by a decline in Myanmar. Commenting on the results, Oore

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Last updated : 29 October 2022 clock 06:48 PM

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Ooredoo Group nine-month net profit jumps 33% to reach QR2.1bn ...Qatar

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