Wataniya sees 8% drop in 4Q profits

21 Feb 2008

Kuwait’s National Mobile Telecommunications (Wataniya) has reported a fourth quarter profit of KWD21.3 million (USD77.96 million), down almost 8% year-on-year, though profits for the full year were up 50% at KWD80.7 million. Revenue for 2007 stood at KWD407.6 million. Majority owned by Qatar Telecom, Wataniya is Kuwait’s second largest cellular operator, with around 1.2 million subscribers and a 43% share of the overall market at the end of 2007.

Kuwait , Ooredoo Kuwait

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