Earnings release
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ooredoo Press Release Ooredoo Q.P.S.C. Ooredoo Group announced Revenue of QAR 22 billion for 9M 2021 EBITDA increased 7 % to QAR 10 billion Doha , Qatar , 27 October 2021 : Ooredoo Q.P.S.C. ( " Ooredoo " ) - Ticker : ORDS today announced results for the nine months ended 30 September 2021 . Financial Highlights : Quarterly Analysis Q3 2021 Q3 2020 % Change 9M 2021 9M Analysis 9M 2020 % Change Consolidated Revenue ( QAR m ) 7,609 7,296 4 % 22,118 21,414 3 % 3,463 3,252 6 % 9,904 9,248 7 % EBITDA ( QAR m ) 46 % 45 % 45 % 43 % EBITDA Margin ( % ) Net Profit / Loss Attributable to Ooredoo Shareholders ( QAR m ) 197 650 - 70 % -760 1,468 n / a Normalized NP ( excl . FX , tower sales and impairment ) ( QAR m ) 650 508 28 % 1,580 1,119 41 % 121 119 2 % 121 119 2 % Customers in million ( consolidated ) • • Revenue for the nine months ended 30 September 2021 stood at QAR 22.1 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 6 % . Group EBITDA for the nine - month period was QAR 9.9 billion with a corresponding EBITDA margin of 45 % , driven by growth in Indonesia , Kuwait and Algeria . The EBITDA growth rate stood at 7 % and at 10 % excluding FX impact . Consolidated customer base increased by 2 % to exceed 120 million due to strong performances in Indonesia , Oman , Algeria , and Iraq . Group Net Profit attributable to shareholders turned negative mainly due to FX losses and the impairments in Myanmar . The negative impact was partly offset by profit from the sale and leaseback of Indosat Ooredoo's tower assets ( QAR 1,000 million ) and reversals of COVID - 19 FX provision . Excluding these one - offs and FX impact , Net Profit increased by 41 % . Page 1 | 6