Monday 5 March 2012

UPDATE 1-Qatar Telecom Q4 profit up 32 pct | Reuters

Qatar Telecom's (Qtel) fourth-quarter net profit rose 32 percent, according to Reuters calculations, but fell short of an analyst's estimate.

The former monopoly made a net profit of about 598 million Qatar riyals ($164.26 million), compared with a profit of 451.9 million riyals in the same period a year ago, Reuters calculated.

One analyst polled by Reuters forecast a quarterly profit of 723 million riyals for Qtel, which owns controlling stakes in Kuwait's Wataniya and Oman's Nawras.

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