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Ooredoo Kuwait grows its payment, despite Q4 loss
(MENAFN) Mobile operator Ooredoo Kuwait increased its dividend for 2015 despite falling to a fourth-quarter net loss, continuing a lengthy earnings slump.
Furthermore, the subsidiary of Qatar's Ooredoo competes with Zain and Saudi Telecom Viva, which registered higher earnings in Q3 but reported falling profits.
However, it made a net loss of USD 4.7mn in the three months to Dec.31, according to Reuters calculating in lieu of a quarterly breakdown.
In addition, Ooredoo which also has operations in Algeria, Tunisia, the Maldives and the Palestinian Territories proclaimed paying an annual cash dividend.
Furthermore, the subsidiary of Qatar's Ooredoo competes with Zain and Saudi Telecom Viva, which registered higher earnings in Q3 but reported falling profits.
However, it made a net loss of USD 4.7mn in the three months to Dec.31, according to Reuters calculating in lieu of a quarterly breakdown.
In addition, Ooredoo which also has operations in Algeria, Tunisia, the Maldives and the Palestinian Territories proclaimed paying an annual cash dividend.
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