Kuwait's Wataniya reverses profit decline - ArabianBusiness.com:
"Wataniya, Kuwait's second-biggest telecoms operator, reported a 20 percent rise in second-quarter profit on Thursday, beating analysts' estimates and ending its earnings decline.
The subsidiary of Ooredoo (Qatar Telecom) had reported falling profits in the preceding six quarters. In March it appointed Abdulaziz Fakhroo as chief executive, its third CEO in less than a year.
Wataniya made a net profit of KD22.91m ($80.4m) in the three months to June 30, up from KD19.08m in the same period a year ago, a statement to the stock exchange showed. It did not give further earnings details."
'via Blog this'
No comments:
Post a Comment