Ooredoo Maldives has increased its revenue and profit during the third quarter of 2021.
For the third quarter, Ooredoo reported revenue of MVR 442 million and a net profit of MVR 110 million. The telecom company recorded revenue of MVR 423 million and a net profit of MVR 98 million in the second quarter of 2021.
Ooredoo’s mobile services produced MVR 336 million in revenue during the third quarter, representing an almost 5% rise over the second quarter.
Furthermore, the company’s fixed broadband services produced MVR 106 million in revenue in the third quarter, up MVR 3 million from MVR 103 million in the second quarter.
According to the Ooredoo’s quarterly financial report, the company reported overhead costs of MVR 244 million during the third quarter.