Qatar Telecom QSC, the Persian Gulf country’s biggest company in revenue, posted an 8.3 percent decline in third-quarter profit amid increased competition in its home market.
Net income for the three months to Sept. 30 fell to 651.9 million riyals ($179 million) from 710.9 million riyals a year earlier, Qtel said in an e-mailed statement today.
“This period’s performance illustrates our ability to overcome challenges, capitalize on opportunities, and deliver meaningful returns for our shareholders,” Chairman Abdullah bin Mohammed Al Thani said in the statement.
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