Mubasher: Ooredoo Group, the dual-listed company on Qatar Stock Exchange (QSE) and the Abu Dhabi Securities Exchange (ADX), reported a 107.4% year-on-year hike in net profit attributable to the company’s shareholders for the second quarter of 2019.
Net profit attributable to Ooredoo shareholders amounted to QAR 421 million in Q2-19, compared to QAR 203 million in Q2-18, the company said in a statement to Qatar Exchange.
Consolidated revenue fell slightly by 2% in the three-month period ended 30 June 2019 to QAR 7.3 billion, versus QAR 7.43 billion.
In the first half of 2019, net profit grew by 22% to QAR 841 million from QAR 689 million in H1-18.
Ooredoo previously posted a 13.49% decline in its profits for Q1-19, recording QAR 420.47 million, versus QAR 486.05 in Q1-18.
