Ooredoo posts MVR 577 million in Q3 revenue as mobile services dominate earnings

Ooredoo Maldives posted MVR 577 million in revenue and MVR 181 million in net profit in the third quarter of this year, according to the company’s latest financial statements. 

The telecom operator’s revenue increased by nearly eight percent compared to the second quarter, reflecting continued growth across its service portfolio.

Mobile services remained the largest contributor to revenue, generating MVR 398 million in the quarter. Fixed, broadband and enterprise services brought in an additional MVR 177.8 million, underscoring Ooredoo’s expanding role in corporate and home-connectivity markets.

The company’s operating expenses for the year so far total MVR 805 million. Ooredoo reported an operating profit of MVR 283 million for the quarter.

Ooredoo also introduced several new services during the period, including Child Safe, Truecaller Premium, and SonyLIV subscriptions, as part of its efforts to enhance digital offerings and strengthen customer experience.