Qatar’s Ooredoo group’s net profit at 1.7 billion riyals in 2019

Qatar's Ooredoo Group said in a statement its 2019 net profit increased by 10% from a year earlier to 1.7 billion Qatar riyals.

Growth was driven by an increase in EBITDA and a more favorable foreign exchange environment compared to 2018, it said.

Ooredoo Qatar, Kuwait, Tunisia, Iraq, and Indonesia performed well, while Ooredoo Indosat's profit benefited from the sale of 3,100 towers.