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Smart, Globe among 'Global Rising Stars'


Smart, Globe among ‘Global Rising Stars’
Richmond Mercurio
© STAR/ File
Smart, Globe among ‘Global Rising Stars’
MANILA, Philippines Smart Communications Inc. and Globe Telecom Inc. have been named among the “Global Rising Stars” in various mobile network experience metrics by international analytics firm Opensignal.
Opensignal defines Global Rising Stars as “the top 30 operators where users have seen the greatest improvement in mobile network experience.”
Smart was named among the Global Rising Stars in terms of 4G availability improvement.
Smart’s 4G availability – defined as the proportion of time 4G users spend connected to 4G or LTE – improved by 7.2 percent between the second half of 2019 and the second half of 2020, which is higher than the global average of 4.2 percent. ....

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Ooredoo announces net profit of QR1.1bn in 2020


Ooredoo announces net profit of QR1.1bn in 2020
DOHA, February 15, 2021
Ooredoo Group s net profit attributable to shareholders decreased by 35% year-on-year to QR1.1 billion ($300 million) in 2020 mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. 
 
Ooredoo Group maintains healthy cash reserves and liquidity levels, and with a net profit of QR1.1 billion, the Board recommends the distribution of a cash dividend of QR0.25 per share.  
 
In Q4 2020 the net profit was negatively impacted by Foreign Exchange losses mainly due to the devaluation of the Iraqi dinar and a one-off impairment from an investment.
 
Revenue declined by 4% year-on-year to QR28.9 billion in 2020, due to the Covid-19 pandemic impact, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some of our markets. This was partially offset by growth in Indonesia, Myanmar and Palestine. ....

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Qatar- Ooredoo Group announces QR1.1bn net profit in 2020


(MENAFN - The Peninsula)
The Peninsula
Doha: Ooredoo Group announced yesterday net profit of QR1.1bn in 2020 and the Board proposed a cash dividend of QR0.25 per share. Group s net profit attributable to Ooredoo shareholders decreased by 35 percent year-on-year in 2020 mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. In fourth quarter (Q4) of 2020, the net profit was negatively impacted by foreign exchange losses mainly due to the devaluation of the Iraqi dinar and a one off impairment from an investment. 
Revenue declined by 4 percent year-on-year to QR28.9bn in 2020, due to the COVID-19 pandemic impact, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some of our markets. This was partially offset by growth in Indonesia, Myanmar and Palestine. ....

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Ooredoo QSC (via Public) / Ooredoo Group announced Net Profit of QAR 1.1…


3%
· Revenue declined by 4% year-on-year to QAR 28.9 billion in 2020, due to the COVID-19 pandemic impact, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some of our markets. This was partially offset by growth in Indonesia, Myanmar and Palestine.
· EBITDA declined by 6% year-on-year to QAR 12.1 billion in 2020, impacted by lower revenues and challenging market conditions across most markets. The company maintains its focus on digitalization and cost optimisation, which has been reflected in a healthy EBITDA margin of 42% for FY 2020
· Group Net Profit attributable to Ooredoo shareholders decreased by 35% year-on-year to QAR 1.1 billion in 2020 mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. In Q4 2020 the Net Profit was negatively impacted by Foreign Exchange losses mainly due to the devaluation of the Iraqi dinar and a one off impairment from an investment ....

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