CIMIC Group caught in underpayment scandal
Australia’s largest construction company is accused of underpaying hundreds of millions of dollars to workers in the Middle East.
Source: watoday.com.au
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Ooredoo Group announces net profit of $53.01 million in Q1 2021
Ooredoo Group announces net profit of $53.01 million in Q1 2021 DOHA, 3 hours, 37 minutes ago Ooredoo Group posted a net profit of QR193 million ($53.01 million) in the first quarter of the year, the company has announced. Group net profit attributable to Ooredoo shareholders decreased by 50% year-on-year to (QR193 million) in Q1, mainly due to foreign exchange impact coming from Myanmar with an FX loss in Q1, 2021 versus an FX gain in Q1, 2020. Marginal year-on-year revenue decline of 1% to QR7.2bn in Q1, 2021 was due to a negative FX impact. Despite the Covid-19 pandemic (ex...
Source: tradearabia.com