Challenges in Indonesia, Algeria dent Qatar's Ooredoo's profit | ZAWYA MENA Edition:
"Qatar's telecommunications firm Ooredoo's first-quarter profit fell 17 percent, citing challenges in Indonesia, its biggest international market, and Algeria which offset strong contributions from other market such as Myanmar. Ooredoo made a net profit attributable to shareholders of 486 million riyals ($133.50 million) in the three months ending March 31, 2018, it said in a statement. That compared with 584 million riyals in the same period a year ago. The result was below SICO Bahrain's forecast of 549 million riyals in net profit, but above EFG Hermes' forecast of 449 million riyals. "
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