{"id":17082,"date":"2020-04-30T11:24:02","date_gmt":"2020-04-30T11:24:02","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=279394"},"modified":"2020-04-30T11:24:02","modified_gmt":"2020-04-30T11:24:02","slug":"ooredoo-straps-in-for-rocky-2020","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/04\/30\/ooredoo-straps-in-for-rocky-2020\/","title":{"rendered":"Ooredoo straps in for rocky 2020"},"content":{"rendered":"

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\tMiddle Eastern operator Ooredoo pointed to sturdy growth in Indonesia, Tunisia and Myanmar as drivers of a marginal increase in revenue in Q1, but warned of tougher times ahead as the effects of the Covid-19 (coronavirus) pandemic take hold.<\/p>\n

Qatar-headquartered Ooredoo stated revenue rose 1 per cent year-on-year to QAR7.3 billion ($2 billion), driven by 16 per cent growth in Tunisia (QAR382 million) and a 7 per cent increase in Indonesia (QAR1.7 billion), with both markets benefitting from increased data traffic.<\/p>\n

In Myanmar, 4G investments drove a 43 per cent increase in its customer base to 15.6 million, with revenue up 9 per cent to QAR284 million.<\/p>\n

Qatar was the highest revenue generator, albeit flat, contributing QAR1.8 billion.<\/p>\n

Net profit slipped 8 per cent to QAR387 million, as a reduction in EBITDA offset favourable forex movements.<\/p>\n

Covid concerns
\nThe company noted its Q1 performance was hit partially by the pandemic, along with a reduction in handset sales and macroeconomic weakness in some of its markets.<\/p>\n

Looking ahead, Ooredoo said as Covid-19 lockdowns continue, it “expects economic weakness in most markets\u201d, but noted it has a healthy cash reserve to absorb the impact for the rest of 2020.<\/p>\n

Commenting on the results, chairman Sheikh Faisal Bin Thani Al Thani added: \u201cThe world is going through an unprecedented challenge as we all come together to tackle the Covid-19 pandemic. While the telecom sector is defensive and more resilient than others, we do expect to see some negative impact on our operations, similar to other global telecom operators.\u201d<\/p>\n\n

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Middle Eastern operator Ooredoo pointed to sturdy growth in Indonesia, Tunisia and Myanmar as drivers …<\/p>\n

The post Ooredoo straps in for rocky 2020<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Ooredoo straps in for rocky 2020 - ITTeacherITFreelance.hk","description":"Middle Eastern operator Ooredoo pointed to sturdy growth in Indonesia, Tunisia and Myanmar as drivers ... The post Ooredoo straps in for rocky 2020 appeared fir"},"footnotes":""},"categories":[11,8],"tags":[3033],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/17082"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=17082"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/17082\/revisions"}],"predecessor-version":[{"id":17083,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/17082\/revisions\/17083"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=17082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=17082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=17082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}