Ooredoo Maldives Posts 577 Million Rufiyaa Revenue in Q3, Net Profit Up 0.6%

Ooredoo Maldives has reported revenue of 577 million rufiyaa for the third quarter of this year, a 5.1 percent increase compared to the same period last year. According to the company's financial statements released yesterday, net profit for the quarter stood at 182 million rufiyaa, up 0.6 percent year-on-year. The bulk of revenue came from mobile services, which generated 398 million rufiyaa. Fixed broadband and enterprise services contributed 177 million rufiyaa to the total. Ooredoo's Managing Director Shadi Qawasmi said the company achieved strong financial results in the first three quarters of this year, attributing the performance to effective management and efforts to deliver sustainable benefits to shareholders. In the past quarter, Ooredoo marked its 21st anniversary. The company also launched several new services, including Child Safe, True Call Premium, and Sonyliv Subscription, as part of its drive to connect society through technology and enhance customer convenience. Ooredoo emphasised that its successes extend beyond business growth, highlighting its contributions to sports and youth development, digital awareness, and environmental sustainability as part of its commitment to bringing beneficial, sustainable changes to society.