Qatari Ooredoo net profit down 43 percent in Q1

02 May 2015

(MENAFN) Ooredoo reported 43 percent decline in net profit attributable to its shareholders to USD137.51 million for the first quarter compared to USD234.45 million on-quarter, The Peninsula Qatar reported.

The Qatari telecommunications group’s profit was impacted by adverse currency movements primarily due to the depreciation of the Algerian Dinar and the Indonesian Rupiah.

Group’s revenue remained stable at USD2.2 billion in the first quarter of 2015 compared to USD2.22 billion same period last year. The group’s consolidated customer grew 14 percent in the quarter.

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