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FINANCIAL NEWS
Orange Jordan’s net profit falls 58 percent in Jan-Sep
02 Nov 2015
(MENAFN) Orange Jordan, the Jordanian public mobile telephone network operator has registered a staggering 58.1 percent drop in its gross profit over the nine months to September, based on the latest data.
Net profit after taxes cut reached USD18.3 million through the mentioned period, which reflects an USD25.4 million decline from last year’s logged USD43.8 million, mainly driven by its 4G network’s high licensing costs.
However, the firm stressed that its recent overhaul for the mobile network, under the “Essentials 2020” strategy, brings it close to its crucial goal of providing the ultimate experience for all its local customers.
Furthermore, Orange Jordan is the sole provider for landline services in the kingdom, alongside the wired and wireless broadband internet, which is considered to be one of the best in the region.
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