Doha – Mubasher: Ooredoo reported a 33.5% year-on-year decline in its profits in the first quarter of 2017, according to a bourse statement.
Net profits amounted to QAR 584.11 million ($159 million) in Q1-17, compared to QAR 878.64 million ($239.17 million) in Q1-16.
Earnings per share (EPS) reached QAR 1.82 in the three-month period ended 31 March 2017, compared to QAR 2.74 of the same period of 2016.
The group’s assets stood at QAR 88.77 billion in Q1-17, down 1.9% from QAR 90.52 billion in Q1-16.
