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Wireless

Ooredoo Group revenue up 1% in Q3, EBITDA margin improves

Wednesday 30 October 2019 | 09:37 CET | News
Ooredoo Group's revenue decreased by 3 percent to QAR 21.97 billion in the first nine months of 2019, impacted by the industry shift from voice to data consumption, a reduction in handset sales as well as macroeconomic and currency weakness in some of its markets, the company said. Net profit increased 16 percent to QAR 1.27 billion, and EBITDA rose 4 percent year-on-year to QAR 9.7 billion. The EBITDA margin of 44 percent was driven by the company's group-wide efficiency programme and a positive impact from the implementation of the new IFRS 16 accounting standard.

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