Sunday 14 August 2011

Qatar Telecom Q2 net profit rises 18 pct - Maktoob News

Qatar Telecom (Qtel), the Gulf state's biggest telecom operator, said its second-quarter net profit rose 18 percent helped by positive subscriber growth at its subsidiaries abroad.

The company reported a second-quarter profit of 673 million Qatar riyals ($184.8 million), compared with 571 million riyals a year ago, it said in a statement on Sunday.

Two analysts polled by Reuters forecast second-quarter net profit of 673.3 million riyals and 773.4 million riyals respectively.

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