Ooredoo’s consolidated group revenue for the nine months ended 30 September 2021 stood at QAR22.1 billion (USD6.0 billion), an increase of 3% compared to the same period last year, largely driven by its home market of Qatar, alongside Indonesia and Tunisia. Excluding foreign exchange (FX) impact, revenue would have increased by 6%. Group EBITDA for the nine-month period rose 7% year-on-year to QAR9.9 billion, driven by growth in Indonesia, Kuwait and Algeria. The consolidated customer base increased by 2% to exceed 120 million at end-3Q21 due to strong performances in Indonesia, Oman, Algeria and Iraq.
Group net profit attributable to shareholders turned negative (QAR760 million loss, compared to QAR1.5 billion profit in 9M20) mainly due to FX losses and impairments in Myanmar. The negative impact was partly offset by profit from the sale and leaseback of Indosat Ooredoo’s tower assets (QAR1 billion) and reversals of COVID-19 FX provision. Excluding one-offs and FX impact, net profit would have increased by 41%.