Fi­nan­cial High­lights

Kuwait Times - - BUSINESS -

Con­sol­i­dated cus­tomer base in­creased by 4% to reach 25.6 mil­lion at 1H 2017, com­pared to 24.6 mil­lion for the same pe­riod in 2016.

Rev­enues for 1H 2017 stood at KD 343.8 mil­lion, com­pared with KD 350.8 mil­lion for the same pe­riod in 2016, rep­re­sent­ing a de­crease of 2%.

EBITDA in­creased 11% in 1H 2017 to KD 128.9 mil­lion, com­pared to EBITDA of KD 115.8 mil­lion for the same pe­riod in 2016.

The net profit at­trib­ut­able to NMTC in 1H 2017 was KD 23.3 mil­lion, rep­re­sent­ing a strong growth of 21% com­pared with KD 19.3 mil­lion for the same pe­riod last year. Net Profit growth was sup­ported by good per­for­mances by Oore­doo Al­ge­ria and by Oore­doo Mal­dives.

The con­sol­i­dated earn­ings per share was 46 fils com­pared to 38 fils per share earned for the same pe­riod last year.

Oore­doo Mal­dives is pro­ceed­ing with the list­ing of its shares on the Mal­dives Stock Ex­change as planned. A to­tal of 14,045,260 shares will be al­lo­cated to 8,257 ap­pli­cants. This is equiv­a­lent to MVR 421.4 mil­lion (KD 8.1 mil­lion) and con­sti­tutes 9.5% of the is­sued paid up shares of Oore­doo Mal­dives. Trad­ing of the shares is ex­pected to start dur­ing Au­gust 2017

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