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Ooredoo Net Profit Drops to QR 1092 Million
in Q3 2018
October 30, 2018
Ooredoo’s net profit amounted to QR 1,092
million, compared to a net profit of QR 1,559 million for the
same period of the previous year, while its earnings per share
amounted to QR3.41 for the period ended 30/09/2018, versus
QR4.87 for the corresponding period of 2017.
The Group’s Comments:
Ooredoo’s total operating income decreased by
7% to QR22.8 billion, while its operating expenses decreased by
1.8% to QR21.24 billion. After adding other revenues, and
subtracting the expenses of the concessions and tax, the
company’s net profit decreased by 30% to QR 1,092.1 million. It
should be noted that there was a significant negative change in
the fair value and currency differentials reached about QR1.7
billion, thus turning the net profit to a comprehensive loss of
QR 378.7 million.
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