Qtel Q1 profit rises 15%
Qatar Telecoms makes first quarter net profit of $166.1m while year-on-ear net income goes up.
Qatar Telecommunications Co made a first quarter net profit of QAR604.4m ($166.1m), 15.04 percent more than in the year-earlier period.
Net income in the three months to Mar 31 was QAR604.4m compared with QAR525.39m riyals in the first quarter of 2008, the company said in a statement on the Doha bourse website.
HSBC's forecast in a Reuters survey earlier this month was QAR638m. (Reuters)