Ooredoo Qatar net profit up 25% to QR1.13 bn in H1

Doha – Ooredoo Qatar on Wednesday reported a net profit of QR1.137 billion in the first half of 2015, an increase of 25 percent compared to the net profit of QR910 million in the same period last year.

Ooredoo Qatar’s revenue increased by 14 percent to QR4.03 billion in the first half of 2015 compared to the revenue of QR3.5 billion last year.

The earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Ooredoo Qatar increased by almost 16 percent to QR2.02 billion in the first half, compared to the EBITDA of QR1.743 billion in the same period last year.

The strong domestic performance was overshadowed by troubles abroad as Ooredoo Group reported a 39 percent fall in second-quarter profit, its sixth decline in eight quarters.
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Source News: Qatar Tribune