Ooredoo Maldives earns MVR545m in profits

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Source: Avas

Ooredoo Maldives has earned MVR545 million in profits last year.

According to the annual report released by the company, the total profit they earned after taxes was MVR545 million.

This was a 6% decline compared to the MVR580 million earned the previous year. However, the report did state that the company did experience financial growth in other areas.

The report also stated that Ooredoo earned a total of MVR1.9 billion last year, which was a 6% increase compared to the MVR1.8 billion earned in 2017.

Additionally, the total assets of the company last year saw a 1% from the MVR3.2 billion of the year before.

The shares of the company also saw a change. It decreased by 4% from the MVR3.78 the year before to MVR3.64 last year.

Ooredoo Maldives is one of two telecom giant operating locally. It is notable for having 90.5% shares belonging to Wataniya International FZ, LLC with 9.5% of shares offered to the public.

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