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Ooredoo Group net profit rises by 10% in 2019 on stable revenue, customer base broadens by 2%

2020-02-14 09:20:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group has announced that its net profit for the year ended 31 December 2019 increased by 10 percent to QAR 1.73 billion from QAR 1.57 billion in 2018. There was an increase in EBITDA and a more favorable foreign exchange environment compared with 2018, but IFRS 16 had a negative effect on net profit. Revenue was stable at QAR 29.92 billion compared with QAR 29.93 billion, in spite of the industry-wide shift from voice to data consumption, lower handset sales and macroeconomic and currency weakness in some markets. 

Tags: by net group customer

 

TC Energy Profit Misses On Lower Keystone Pipeline Volumes

2020-02-13 21:00:00| OGI

TC Energy's earnings from its oil pipelines, of which Keystone is the biggest contributor, plunged 33.3% to C$355 million in the fourth quarter.

Tags: lower energy profit volumes

 
 

Marathon Oil Profit Misses Estimates As Prices Tumble

2020-02-13 14:35:43| OGI

Marathon Oil's quarterly results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns.

Tags: prices oil profit estimates

 

NOV Profit Beats Estimates As Cost Cuts Pay Off

2020-02-07 21:00:00| OGI

National Oilwell Varco beat estimates for its fourth-quarter profit, as the oilfield services provider cut costs to counter an ongoing decline in North American drilling activity.

Tags: off pay cost nov

 

Uber sees path to profit despite $1.1bn loss

2020-02-06 23:57:54| BBC News | Business | UK Edition

Spending to expand its Uber Eats food delivery business impacted the firm's bottom line.

Tags: loss path profit sees

 

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