2016, An expected healthy recovery
After having recorded a flat 9M 2016 revenue growth rate (+0.3%), Ooredoo caught up in Q4 2016, closing the quarter on a healthy 3.4% increase in revenues at QAR8.238bn. Thus, Ooredoo’s FY 2016 revenues increased to QAR32.503bn, a slight 1.1% growth rate, (vs. +1.4% expected by our model) braked by the ongoing challenges in Iraq, and the currency depreciation in North Africa, offset only by the strong performances in Indonesia, Oman, Kuwait, Myanmar and the slight growth in Qatar.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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