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Tag: net profit
Ooredoo Group net profit grows 16% in first 9 months, revenue down 3%
2020-10-29 09:17:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group said its net profit increased by 16 percent to QAR 1.47 billion in the first nine months to 30 September from QAR 1.26 billion in the same period in 2019 in a more favorable foreign exchange environment. Revenue declined by 3 percent year-on-year to QAR 21.41 billion from QAR 21.96 billion because of Covid-19, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some markets. This was partially offset by growth in Indonesia.
Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs
2020-07-23 08:50:00| Telecompaper Headlines
(Telecompaper) Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period.
Omantel Group H1 net profit drops 21%
2020-07-21 09:46:00| Telecompaper Headlines
(Telecompaper) Omantel Group said net profit decreased by 20.5 percent to OMR 100.5 million in the first six months to 30 June from OMR 126.5 million in H1 2019. This decline was mainly driven by a 27 per cent year-on-year (YoY) drop in group net profit for the second quarter of 2020 because of the effects of Covid-19, predominantly on the core mobile business. First-half group consolidated revenues slipped to OMR 1.24 billion from OMR 1.26 billion in 2019.
Mobily lifts Q2 net profit as active FTTH users expand, business and wholesale revenues rise
2020-07-21 09:26:00| Telecompaper Headlines
(Telecompaper) Saudi operator Mobily said its net profit increased to SAR 185 million in the second quarter ended 30 June compared with SAR 37.8 million in Q2 2019, mainly due to increased revenue from business and wholesale units, as well as the FTTH active base. Revenue amounted to SAR 3.56 billion versus SAR 3.33 billion in Q2 2019, or year-on-year growth of 6.8 percent.
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Singtel's FY net profit plunges 65% on charges for regulatory costs at Indian unit Airtel
2020-05-28 13:44:00| Telecompaper Headlines
(Telecompaper) Net profit fell 65 percent to SGD 1.08 billion due to Airtel's exceptional charges for regulatory costs, including the adjusted gross revenue matter and a one-time spectrum charge. Singtel took a net exceptional charge of SGD 302 million this quarter, mainly arising from Airtel's provision for the spectrum charge.
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