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Ooredoo Reports Increase in Revenue and Profit for Third Quarter

Adam Ahid by Adam Ahid
November 2, 2021
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Ooredoo Reports Increase in Revenue and Profit for Third Quarter
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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.

Tags: Ooredoo Maldives

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