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FINANCIAL NEWS
Ooredoo Kuwait posts 356 percent grow in Q1 net profit
27 Apr 2016
(MENAFN) Mobile operator Ooredoo Kuwait reported a 356 percent increase in Q1 net profit, as non-core revenue jumped.
Furthermore, the firm made a net profit of USD 33.84mn in the cited quarter, up from USD 7.41mn a year earlier.
However, the firm was hit by an 89 percent drop in profit during the same quarter last year as its business was hurt by foreign-exchange losses.
The firm had reported falling earnings in six of the last seven quarters, which involved a loss in Q4 of 2015 hurt by local competition.
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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