Qatar-based telecommunications group Ooredoo is facing challenges in Algeria, Indonesia and Myanma, reporting a 60 percent decline in second quarter profit, pointed out the company in a statement.
The company reported a net profit attributable to shareholders of 203 million riyals ($55.8 million) compared to 513 million riyals in the same period a year ago.
The revenue was below SICO Bahrain’s forecast of 431 million riyals in net profit and EFG Hermes’ forecast of 250.9 million riyals.
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