Ooredoo Kuwait records strong performance of KD 112mln of EBITDA for H1 2022

Ooredoo Kuwait records strong performance of KD 112mln of EBITDA for H1 2022

- Consolidated revenue increased by 4% to KWD 306.1 million in H1 2022, compared to KWD 294.7 million in H1 2021. Revenues were positively impacted by the gradual easing of restrictions in Kuwait, record revenue in Palestine and healthy market growth in Tunisia and Algeria.

- EBITDA increased by 7% in H1 2022 to KWD 112.2 million, compared to KWD 104.9 million in H1 2021.

- Net profit attributable to NMTC increased to KWD 20.8 million in H1 2022 from KWD 7.0 million in H1 2021. Net Profit growth was driven by solid operational and financial earnings from Ooredoo Kuwait, Ooredoo Tunisia, Ooredoo Algeria, Ooredoo Palestine and Ooredoo Maldives.

- The consolidated earnings per share was 42 fils per share for H1 2022, compared to 14 fils per share earned in H1 2021.

- Consolidated customer base increased to 24.1 million in H1 2022 compared by 23.9 million in H1 2021.

Sheikh Mohammad Bin Abdullah Al Thani, Chairman of the Board of Directors commented:

“NMTC reported further growth for the first half of the year, driven by record revenues in Palestine and healthy market growth in Tunisia and Algeria. Furthermore, the easing of COVID restrictions in Kuwait had positive impact on the Company’s revenues for the