Ooredoo net profit jumped 33% to reach QR2.1bn for the nine months that ended in September, the major telecom group said.Ooredoo Group revenue for the nine-month period that ended in September stood at QR16.9bn, an increase of 4% compared to the same period last year. Group EBITDA for the period was QR6.9bn, a decrease of 1%. EBITDA has been normalised for two Indonesian non-recurring items, i.e., the data centre deal in 2022 and the tower sale and lease back in 2021.Capital expenditure (CAPEX) for the period stood at QR1.6bn, Ooredoo Group said.Consolidated customer base stood at 55mn, driven by growth in most markets offset by a decline in Myanmar. Commenting on the results, Ooredoo chairman Sheikh Faisal bin Thani al-Thani said, “Ooredoo Group further delivered strong results for the nine-month period ended 30 September 2022 with revenue of QR17bn and a return to net profit testament to our vision to provide robust connectivity, superior customer experiences, and increased shareholder value. “Led by our digital transformation strategy, we continue to leverage opportunities in the market, and I can confidently say that we are well positioned to see strong returns as we remain agile and adapt to the fast-changing nature of the markets in which we operate.”Also commenting on the results, Ooredoo managing director and CEO Aziz Aluthman Fakhroo said, “Ooredoo Group’s growth trajectory continues with the business delivering strong set of results, normalised proforma revenue grew by 4% to reach QR17bn year to date. The GCC markets have led that top line growth with increases in Kuwait by 12%, Oman 8% and Qatar by 6%.“Ooredoo Group’s strong focus on operational efficiencies and optimized Capex resulted in an EBITDA margin of 40% and a 3% improvement in Free Cash Flow over 9M 2021, despite inflationary headwinds in most of our markets, in the form of higher energy cost and currency depreciation.“Our joint venture, Indosat Ooredoo Hutchison (IOH), remains on track to hit its targets outlined at the start of 2022. “We remain focused on our growth and look forward to continuing to deliver long term value for our shareholders, customers, and the markets in which we operate.”