Mubasher: Ooredoo Group, the dual-listed company on Qatar Stock Exchange and the Abu Dhabi Securities Exchange, reported a 16% year-on-year increase in net profit attributable to shareholders during the first nine months of 2019, recording QAR 1.3 billion.
The company’s revenue declined by 3% YoY to QAR 22 billion from January to September, according to a bourse statement released on Wednesday.
Meanwhile, Ooredoo’s EBITDA went up by 4% YoY in the January-September period, registering QAR 9.7 billion.
“We are seeing very good progress with the execution of our digital strategy, positioning Ooredoo Group as the leading operator for innovative digital solutions across our ten markets of operations,” Ooredoo’s chairman Abdulla Bin Mohammed Al-Thani said.
“Our focus on efficiency and digitisation continues to deliver positive results as we harness group-wide synergies to deliver award-winning products and services for our customers,” During the third quarter of 2019, the Qatari group added one million to the number of its customers, compared to the previous quarter.
Ooredoo Group posted a 107.4% year-on-year hike in net profit attributable to the company’s shareholders for the second quarter of 2019.
