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Ooredoo Group posts QR11bn revenue; QR1.3bn net profit in first half of 2022 ...Qatar
* Group consolidated customer base stood at 55mn, driven by growth most markets offset by a decline in Myanmar Ooredoo Group has posted a half yearly net profit of QR1.3bn, up 43% on the same period last year. Ooredoo Group revenue for the half year that ended on June 30 stood at QR11bn, an increase of 4% compared to the same period last year. Group EBITDA for the period was QR4.5bn, an increase of 2%. EBITDA has been normalised for two Indonesian non-recurring item, i.e., the data centre deal in 2022 and the tower sale and lease back in 2021. Capital expenditure (CAPEX) for the period stood at QR965mn. Free cash flow increased 10% to reach QR3.6bn. Group consolidated customer base
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