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  • 30-07-15

    Ooredoo revenue down to USD4.38b in H1

    (MENAFN) Telecom giant Oaredoo said it posted revenue of USD4.38 billion in the first half of the year, marking a drop of 3 percent from the revenue reported in the same period a year ago.

    The Qatari telecom also reported a drop of its net profit which stood at USD274.35 million, dropping from USD 466.39 registered for the same period in the year-ago period.

    Excluding the impact of foreign currency depreciation, revenue would have increased by 3 percent. Net profit for the first half was also impacted by adverse currency movements and the challenges in Iraq.

    "Ooredoo's international brand, high speed broadband networks and services are increasingly building a compelling and valued range of services for our customers," Chairman of Ooredoo said.

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