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FINANCIAL NEWS
Qatar’s Ooredoo revenue up 1.1 percent in 2013
05 Mar 2014
(MENAFN) Qatar’s Ooredoo Group said that its revenue went up 2013, but net profit attributable to shareholders came lower, The Peninsula Qatar repoted.
The telecom company said that its revenue increase 1.1 percent to USD9.3 billion. Net profit attributable to shareholders, however, decreased to USD713.4 million in the year.
The firm’s Board of Directors has recommended a cash dividend of 40 percent of the nominal share, or USD1.09 per share.
Chairman of Ooredoo said: “Ooredoo has produced solid revenue growth in 2013 a year in which the group faced challenges as well as opportunities. Across our portfolio our focus remains on delivering the best customer experience and the most reliable networks.”
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