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Wataniyas Q3 profit falls 135 |
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Thursday, 27 October 2011 02:15 |
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Kuwait: Kuwaiti telecoms operator Wataniya has said its third-quarter net income fell 13.5%, as foreign exchange losses ate into the company's bottom line, Reuters has reported. Wataniya, majority-owned by Qtel, made a net profit of KD15.5m ($56.4m) in the third quarter, compared with a profit of KD17.9m in the same period a year earlier. Third-quarter revenue was KD188m in the quarter, up KD140m a year ago, while margins rose 3% over the same period to 42%, it said. [AMEInfo.com]
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