Ooredoo Kuwait 2Q16 results operationally in line despite signs of ongoing weakness in Kuwait; earnings miss on higher-than-expected net finance costs
Revenue – KWD176mn, -5% Y-o-Y, +0% Q-o-Q, -1% vs. EFGe EBITDA margin – 33.5%, -0.8pp Y-o-Y, +1.1pp Q-o-Q, -0.1pp vs. EFGe Net income – KWD9.1mn, -28% Y-o-Y, -11% Q-o-Q, -13% vs. EFGe Ooredoo Kuwait released its 2Q16 results, s
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