Wataniya Q2 net profit slumps 69%

12 Aug 2010

Wataniya, Kuwait’s second largest mobile phone operator by subscribers has reported a 69% drop in net profit for the three months ending 30 June 2010. The company made a net profit of KWD19.6 million (USD68.32 million) during Q2 2010, down from KWD63.5 million one year earlier. Net profit in 1H10 was reported at KWD35.8 million, down from KWD78.8 million in the first half of 2009. Wataniya, itself a unit of Qatar Telecom (Qtel, which will publish its Q2 results on Sunday), operates in markets including Algeria, Tunisia, Saudi Arabia and the Maldives.

Kuwait , Ooredoo Kuwait

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share