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Ooredoo
Discloses Interim Financial Statement for Six Month Period Ended
June 30, 2017
July 27, 2017
Ooredoo disclosed its
reviewed financial statements for the period ended on June 30,
2017. The statements show that the net profit is QR 1,097
million Compared to net profit amounting to QR 1,462 million For
the same period of the previous year.
The Earnings per Share
(EPS) amounted to QR 3.42 For the period ended June 30, 2017 to
EPS amounted to QR 4.56 for the same period of the previous
year.
The Group's
Comment
Ooredoo's total income
increased by 2.2% to QR 16.3 billion in the second quarter of
this year. Total expenses increased by 5.2% to QR 14.95,
including QR 5.9 billion for operations; QR 3.42 billion as
public, administrative and sales expenses; 4.2 billion as
depreciation, in addition to financing cost.
As result, net profit posted in this period dropped by
25% to QR 1096 million, after deducting taxes. There was a
positive change in the fair value of investment worth QR 184
million, thus pushing the comprehensive income up to QR 1267.6.
However, it is still less than the one posted in the same period
last year.
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