Earnings release
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ooredoo Press Release Ooredoo Q.P.S.C. Ooredoo Group announced Net Profit of QAR 193 million in Q1 2021 EBITDA increased 6 % to QAR 3.2 billion Doha , Qatar , 28 April 2021 : Ooredoo Q.P.S.C. ( “ Ooredoo " ) - Ticker : ORDS today announced its financial results for the quarter ended 31 March 2021 . Financial Highlights : Quarterly Analysis Q1 2021 Q1 2020 % Change Consolidated Revenue ( QAR m ) 7,197 7,295 -1 % 3,213 3,023 6 % EBITDA ( QAR m ) EBITDA Margin ( % ) 45 % 41 % 193 387 -50 % Net Profit Attributable to Ooredoo Shareholders ( QAR m ) 118 118 Customers in million ( consolidated ) 0 % • • • • Marginal year - on - year revenue decline of 1 % to QAR 7.2 billion in Q1 2021 due to a negative FX impact . Despite the COVID - 19 pandemic excluding FX impact , revenue increased by 1 % , mainly driven by growth in our home market Qatar and in Indonesia . EBITDA increased by 6 % year - on - year to QAR 3.2 billion in Q1 2021 , as the company maintains its focus on digitalization and cost optimisation . EBITDA margin increased to 45 % in Q1 2021 from 41 % in Q1 2020 , supported by EBITDA margin expansion in Indonesia , Kuwait , Iraq and Myanmar . Excluding FX impact EBITDA increased by 9 % . Group Net Profit attributable to Ooredoo shareholders decreased by 50 % year - on - year to QAR 193 million in Q1 2021 mainly due to Foreign Exchange impact coming from Myanmar with an FX Loss in Q1 2021 versus an FX Gain in Q1 2020. Excluding the FX impact the Net Profit increased by 120 % . Data revenues account for more than 55 % of total Revenue driven by data leadership and digital transformation initiatives across our operations . Page 1 | 7