Ooredoo records profits of MVR 140 million as year ends

Ooredoo Maldives say they earned MVR 140.8 million as profits for the last three months of the last year.

Financial statements released by the company on January 30th, stated that Ooredooo earned MVR 472.4 million. This is an increase of five percent compared to the previous three months. This is also a significant increase from the last quarter of 2016, where the company made MVR 110.9 million.

Wataniya International holds 90.5 percent of shares in the company. Last year, the company issued 9.5 percent of shares to the general market.

Ooredoo paid MVR 32.5 million in taxes, with a pre-tax profit of MVR 173.4 million.

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