Earnings release
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ooredoo Press Release Ooredoo Q.P.S.C. Ooredoo Group announced Revenue of QAR 14.5 billion for H1 2021 EBITDA increased 7 % to QAR 6.4 billion Doha , Qatar , 28 July 2021 : Ooredoo Q.P.S.C. ( " Ooredoo " ) - Ticker : ORDS today announced results for the half year ended 30 June 2021 . Financial Highlights : Quarterly Analysis Half Year Analysis Q2 2021 Q2 2020 % Change H1 2021 H1 2020 % Change Consolidated Revenue ( QAR m ) 7,312 6,823 7 % 14,509 14,118 3 % 3,227 2,973 9 % 6,440 5,996 7 % EBITDA ( QAR m ) EBITDA Margin ( % ) 44 % 44 % 44 % 42 % Net Profit / Loss Attributable to Ooredoo Shareholders ( QAR m ) -1,149 432 n / a -956 818 n / a 472 403 17 % 930 612 52 % Normalized NP ( excl . FX , tower sales and impairment ) Customers in million ( consolidated ) 118 117 1 % 118 117 1 % • • • • First half 2021 revenue stood at QAR 14.5 billion , an increase of 3 % compared to the same period last year . Mainly driven by growth in our home market Qatar , Indonesia , and Tunisia . Excluding FX impact , revenue increased by 5 % . Group EBITDA for H1 2021 was QAR 6.4 billion with a corresponding EBITDA margin of 44 % , driven by growth in Indonesia , Qatar , Kuwait , Tunisia , and Algeria . The EBITDA growth rate stood at 7 % and at 10 % excluding FX impact . Consolidated customer base increased by 1 % due to growth in Indonesia , Oman and Iraq , offsetting the decline in other markets Group Net Profit attributable to shareholders turned negative due to impairments ( QAR 2,341 million , mainly from Ooredoo Myanmar ) partially offset by profit from the sale and leaseback of Indosat Ooredoo's tower assets ( QAR 1,000 million ) . Excluding these one offs and FX impact , Net Profit increased by 52 % . Operational highlights : Page 1 | 6