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Ooredoo Group H1 net profit rises 22%, revenue down 4%, customer base shrinks 12%

2019-07-30 09:22:00| Telecompaper Headlines

(Telecompaper) Ooredoo group net profit increased by 22 percent to QAR 841 million in the first six months of 2019 from QAR 689 million in the same period of 2018, partially aided by a favourable forex environment and offset by a negative IFRS 16 impact. EBITDA increased by 2 percent year on year to QAR 6.3 billion, with a corresponding EBITDA margin of 44 percent supported by a positive effect from the new IFRS 16 accounting standards. 

Tags: net group customer base

 

Manufacturing shrinks as Brexit stockpiling halts

2019-06-03 11:49:04| BBC News | Business | UK Edition

UK manufacturing contracted in May for the first time since July 2016, an influential survey indicates.

Tags: manufacturing shrinks halts stockpiling

 
 

Ice Group Q1 revenues rise as smartphone customers grow, net loss shrinks by 13%

2019-05-24 12:38:00| Telecompaper Headlines

(Telecompaper) Ice Group has reported that total operating revenue in the first quarter of 2019 rose to NOK 457 million from NOK 381 million in the corresponding quarter last year. Total service revenues grew by 4 percent to NOK 375 million from NOK 361 million. Smartphone service revenues climbed by 12 percent to NOK 288 million from NOK 258 million in the same quarter last year.

Tags: by net group loss

 

Mark Zuckerberg's wealth shrinks by $8.7bn on Forbes rich list

2019-03-05 13:47:40| BBC News | Business | UK Edition

The Facebook founder drops three places in the Forbes rich list after his firm's shares fall.

Tags: list mark rich wealth

 

China's factory activity shrinks as slowdown worries rise

2019-01-31 03:53:39| BBC News | Business | UK Edition

The data comes as several global firms warn China's slowing economy will hit their bottom line.

Tags: activity rise factory worries

 

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