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Ooredoo announces net profit of QR1.1bn in 2020


Ooredoo announces net profit of QR1.1bn in 2020
DOHA, February 15, 2021
Ooredoo Group s net profit attributable to shareholders decreased by 35% year-on-year to QR1.1 billion ($300 million) in 2020 mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. 
 
Ooredoo Group maintains healthy cash reserves and liquidity levels, and with a net profit of QR1.1 billion, the Board recommends the distribution of a cash dividend of QR0.25 per share.  
 
In Q4 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% year-on-year to QR28.9 billion 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. ....

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Qatar- Ooredoo Group announces QR1.1bn net profit in 2020


(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. ....

Ad Daw Ah , Indosat Ooredoo , Aziz Aluthman Fakhroo , Home Service , Ooredoo Group , Sheikh Faisal , Thani Al , Opensignal Global Mobile Experience Award , Global Rising Star , Ooredoo Qatar , Ooredoo Myanmar , All In One Home Service , Qr1 1bn , Qr0 25 , What Time Is It , Free Fire Vs Pubg , Look Like , Huawei P30 Lite Vs Samsung A50 , வீடு சேவை , ஷேக் ஃபேஸல் , தானி அல் , உலகளாவிய உயரும் நட்சத்திரம் , அனைத்தும் இல் ஒன்று வீடு சேவை , என்ன நேரம் இருக்கிறது அது , இலவசம் தீ எதிராக பப் , பாருங்கள் போன்ற ,