Ooredoo records MVR 685 million in profits

Ooredoo Maldives has posted a profit of MVR 685 million for the fiscal year 2023.

According on the company's annual report, the revenue for the past year reached MVR 2 billion, which is an increase of almost MVR 170 million compared to the revenue from 2022. This increase is attributed to the strong performance in the company's primary business sectors.

Ooredoo's profit was 20 percent higher than in 2022. The company's net profit stood at MVR 560 million in 2022. The company received its highest profit earnings in 2023.

Ooredoo Maldives' is valued at MVR 4.6 billion.

Ooredoo has continuously expanded its revenues and profits year after year since its transformation into a public company in 2016, securing significant for its shareholders within a short period of time.