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Ooredoo Net Profit Drops to QR486 Million in
First Quarter of 2018
April 29, 2018
Ooredoo’s net profit amounted to QR486
million in the first quarter of 2018, compared to QR584 million
for the same period of the previous year. The company’s earnings
per share recorded QR1.52, versus QR1.82 for the corresponding
period in 2017.
The Group’s Comments:
Ooredoo’s gross operational revenues fell by
3.5% to QR7.76 billion in the first quarter of 2018. Total
expenditure stood unchanged at QR7.17 billion, of which QR3.1
billion were operating expenses, QR1.55 billion were general and
administrative expenses, and QR2 billion were depreciation and
amortization expenses. After adding other income and
expenditures, the net profit attributable to the shareholders
decreased by 16.2% to QR486 million, and after adding currency
and other income, the comprehensive income amounted to QR647.9
million compared to QR872.5 million during the corresponding
period in 2017.
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