Ooredoo Q3 net profit falls 51% on forex losses

Monday 31 October 2016 | 09:38 CET | News
Qatar-based Ooredoo Group reported third-quarter revenues up 2 percent year-on-year to QAR 8.352 billion, and EBITDA rose 3 percent to QAR 3.678 billion. The company's net profit was still down 51 percent from a year earlier to QAR 370 million, due to foreign exchange losses. Ooredoo attributed the growth in underlying results to strong growth in data revenues, which reached 39 percent of group revenues, and expansion in the enterprise market, which accounted for 17 percent of revenues. In addition, the customer base grew 16 percent year-on-year to 166 million at the end of September.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Ooredoo
Countries: Middle East
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Ooredoo Qatar signs MoU with Hamad Port

Published 29 Nov 2016 11:32 CET | Qatar
Ooredoo Qatar and Hamad Port Master's System Integration Consultant have signed a Memorandum of Understanding (MoU) that will see ...

Ooredoo Group, Ericsson in tie-up for cloud revenue system

Published 07 Nov 2016 10:11 CET | Middle East
Ooredoo Group and Ericsson have agreed a five-year contract to implement a new cloud-ready revenue management system throughout ...

Ooredoo Oman grows 9-mth revenues 8%

Published 01 Nov 2016 16:36 CET | Oman
Ooredoo Oman ended the third quarter with 2.92 million customers, up 5.6 percent from a year earlier and almost 79,000 more than ...

Asiacell results fall, customer base still growing in Q3

Published 01 Nov 2016 16:30 CET | Iraq
Iraq operator Asiacell reported third-quarter revenues down 15.1 percent to USD 292.7 million, and EBITDA fell to USD 126.0 ...

Ooredoo Kuwait 9-mths revenue lifts 4% to KWD 533 mln

Published 25 Oct 2016 09:02 CET | Kuwait
Ooredoo Kuwait said consolidated revenues for the nine months to 30 September declined by 3 percent to KWD 533.0 million, ...

Ooredoo Group H1 net profit up 46% to QAR 1.46 bln

Published 27 Jul 2016 11:26 CET | Middle East
Ooredoo Group reported a 46 percent increase in net profit to QAR 1.46 billion for the first half of 2016 compared to QAR 1.00 ...

Calendar   /   Industry Events

25 Jul Fiber Connect
26 Jul Orange Belgium Q2 2021
26 Jul Logitech fiscal Q1
26 Jul Calix Q2
26 Jul F5 fiscal Q3
27 Jul Alphabet Q2
27 Jul AudioCodes Q2 2021
27 Jul SK Hynix Q2
27 Jul A10 Networks Q2
27 Jul Corning Q2
27 Jul MediaTek Q2 2021
27 Jul NortonLifeLock fiscal Q1
27 Jul Microsoft fiscal Q4
27 Jul TIM Brasil Q2 2021
27 Jul KPN Q2 2021
27 Jul Juniper Networks Q2 2021
27 Jul Telefonica Brasil Q2 2021
27 Jul TIM Q2 2021
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Telefonica Deutschland Q2 2021
28 Jul Ribbon Communications Q2 2021
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Extreme Networks fiscal Q4
29 Jul Telenet Q2 2021
29 Jul BT fiscal Q1
::: More Calendar Items