Ooredoo Maldives collects MVR 140 mil in profits

Ooredoo Maldives has collected a whopping MVR 140.8 million as net profit in the final quarter of 2017.

The company's financial statement reflects the telecom giant had garnered MVR 472 million as income in final quarter of last year.

Ooredoo Maldives had generated an operating profit of MVR 176 million in the fourth quarter while, the gross profit reached MVR 173 million before tax deduction. The company settled MVR 32.5 million in taxes.

The telecommunication corporation, listed under Maldives Stock Exchange, is has parent company Wataniya International's 90.5 shares while they had sold its 9.5 shares through an IPO last year.