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FINANCIAL NEWS
Qatar’s Ooredoo posts USD 2.16bn revenue in Q1
28 Apr 2016
(*MENAFN) Ooredoo Group revenue reached USD 2.16bn in Q1 of this year, supported by strong revenue growth in Oman, Indonesia, Myanmar and Kuwait.
Moreover, the Group net profit to Ooredoo shareholders grew by 75 percent to USD 241.18mn due to the positive foreign exchange impact in Indonesia and Myanmar.
Additionally, the Group’s customer base touched 118mn at the end of the cited quarter, a 6 percent or 7mn yearly increase, trailed by strong acquisition in Myanmar.
Data income grew more and covered 38 percent of whole Group revenue, due to Ooredoo’s focus on network expansion and modernization.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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