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Ooredoo Group FY results hit by forex but customers up 9%
2016-03-02 09:30:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group has reported a net profit of QAR 2.120 billion for 2015 compared with QAR 2.134 billion in 2014. Excluding the foreign exchange impact, net profit would have increased by 6 percent year on year, it said. Supported by an improvement in emerging market currencies towards the end of the year, the net profit was QAR 360 million in the fourth quarter, up 551 percent from QAR 55 million in the final quarter of 2014, which was hit by one-off customer acquisition and handset costs in Algeria.
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Category:Telecommunications