Ooredoo reports MVR 560M as net profit in 2022

Telecom operator Ooredoo Maldives has announced it generated a net profit of MVR 560 million in 2022.

According to Ooredoo’s 2022 audited financial statements, the company generated an annual revenue of MVR 1.9 billion.

The highest revenue generator for the company was its mobile services. Ooredoo generated MVR 1.3 billion from mobile services. It followed MVR 437 million from internet services.

The company generated MVR 662.9 million as profit before tax, and MVR 560 million as net profit.

Ooredoo’s Board of Directors proposed a dividend payout of MVR 3.04 last week.