Ooredoo group revenue for 2013 increased by 1.1 percent to QAR 33.9 billion from 2012 with strong performances in Qatar, Algeria and Iraq. Fourth quarter revenue dipped to QAR 8.37 billion from QAR 8.64 billion a year earlier. Full year net profit declined by 12.5 percent to QAR 2.58 billion from QAR 2.95 billion. Ooredoo posted a 36 percent drop in fourth quarter net profit to QAR 510 million from QAR 790.9 million a year earlier.
The group's consolidated customer base rose 3.5 percent to 96 million from 92.9 million in 2012. EBITDA for the full year declined by 6 percent to QAR 14.6 billion from QAR 15.6 billion in 2012. The EBITDA margin fell to 43 percent because of the adverse currency impact of the Indonesian Rupiah, Myanmar start-up costs, brand roll-out costs and the group's investment in Kuwait's recovery strategy.
