Ooredoo Ends Q2 with Post Tax Profits of MVR 125 Million

Ooredoo has ended the second quarter of the year with post tax profits of MVR 125 million.

Quarterly reports issued by the company showed that in second quarter, Ooredoo earned MVR 490.8 million.

Reduction in earnings was attributed to a reduction in earnings from roaming. The reduction, Ooredoo said was as this was the low season for tourist arrivals.

The quarter was marked by expansion of mobile services to customer base, including the launch of ‘Varah Thafaathu’ campaign for postpaid packages. Supernet and Home Broadband services were expanded to Vilingili Island in Gaaf Alif Atoll and Eydhafushi Island in Baa Atoll. Digital applications were expanded in the quarter including more access to customer base on social media, m-Faisaa service, as well as launching i-Phone 8 and 8 Plus.

The company also tied up with United Nations Development Program (UNDP) and Hulhumale’ Development Corporation (HDC) to further boost the ‘Smart Cities’ initiative. This initiative aims to offer innovative, smart solutions for urban challenges.

This year marks 13 years of Ooredoo in the Maldives. The company which started out as Wataniya, commemorated this milestone with a revamped throwback to their first advertisement made for the Maldives market.