Driven by a well laid out strategy that focuses on broadband and data usage in key markets including Qatar, Ooredoo (previously known as Qtel) posted strong financial growth with the group net profit exceeding QR2.9bn in 2012, up 13% on the previous year.
Ooredoo Group revenue grew 6.2% to QR33.7bn last year on the back of healthy increases in Iraq, Algeria, Qatar and Indonesia and supported by a stable performance at Nawras in Oman.
Ooredoo’s earnings per share (EPS) in 2012 stood at QR9.88 compared with QR9.9 in 2011.
The earnings per share for 2011 was “restated” as a result of the issuance of 30% bonus shares and 40% rights issue in H1, 2012.
Read more: http://www.gulf-times.com/business/191/details/344246/broadband%2c-data-strategy-drive-ooredoo%e2%80%99s-profit-up-to-qr2.9bn
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