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Ooredoo shareholders approve cash dividend of QR0.25 per share 04 Mar 2021 - 8:30 The Peninsula Doha: Ooredoo shareholders yesterday approved the recommendation of the Board of Directors to distribute a cash dividend of QR0.25 per share. Ooredoo held its Annual General Meeting online yesterday, where shareholders discussed and approved the Company’s Corporate Governance Report and financial statements, following confirmation of final year results for 2020. Addressing the meeting, Sheikh Faisal bin Thani Al Thani, Chairman of Ooredoo, highlighted the professionalism and dedication of Ooredoo employees during an unprecedented year: “The COVID-19 pandemic affected every aspect of our working and daily lives. However, I am proud of the hard work of the Ooredoo team that ensured communities stayed connected, engaged and entertained.” ....
(MENAFN - The Peninsula) The Peninsula Doha: Ooredoo Group announced yesterday net profit of QR1.1bn in 2020 and the Board proposed a cash dividend of QR0.25 per share. Group s net profit attributable to Ooredoo shareholders decreased by 35 percent year-on-year in 2020 mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. In fourth quarter (Q4) of 2020, the net profit was negatively impacted by foreign exchange losses mainly due to the devaluation of the Iraqi dinar and a one off impairment from an investment. Revenue declined by 4 percent year-on-year to QR28.9bn in 2020, due to the COVID-19 pandemic impact, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some of our markets. This was partially offset by growth in Indonesia, Myanmar and Palestine. ....