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Wireless

Ooredoo Group H1 net profit rises 22%, revenue down 4%, customer base shrinks 12%

Tuesday 30 July 2019 | 09:22 CET | News
Ooredoo group net profit increased by 22 percent to QAR 841 million in the first six months of 2019 from QAR 689 million in the same period of 2018, partially aided by a favourable forex environment and offset by a negative IFRS 16 impact. EBITDA increased by 2 percent year on year to QAR 6.3 billion, with a corresponding EBITDA margin of 44 percent supported by a positive effect from the new IFRS 16 accounting standards. 

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Categories: Mobile & Wireless
Companies: Ooredoo
Countries: Middle East
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