Ooredoo Maldives increased its net profit by 14% to MVR 122.3 million in the first quarter of 2021.
According to the company’s quarterly financial report, revenue increased by 10% to MVR 447.1 million from MVR 402.7 million in the fourth quarter of 2020. However, it is 17% lower than the first quarter of 2020.
Further, the company increased net profit from MVR 104.7 million in the fourth quarter of 2020 to MVR 122.3 million in 2021, a 14% decrease from the same period of last year.
According to Ooredoo, revenue from roaming services had declined as a result of COVID-19.