Qatar's Ooredoo Q3 profit falls 13 pct on currency weakness, Indonesia woes | Reuters

Qatar's Ooredoo Q3 profit falls 13 pct on currency weakness, Indonesia woes | Reuters:

Qatar’s telecommunications firm Ooredoo reported a 13 percent drop in third-quarter net profit on Tuesday, hurt by currency weakness in emerging markets and business challenges in Indonesia and Algeria.

Ooredoo, which operates in the Middle East, North Africa and Southeast Asia, made a net profit attributable to shareholders of 403 million Qatari riyals ($110.71 million) compared to 462 million riyals in the same period a year ago.

EFG Hermes had a net profit forecast of 217 million riyals for Ooredoo.