Kuwait’s Wataniya posts 5.9% rise in Q1 profits

21 Apr 2010

(MENAFN) Kuwait’s National Mobile Telecommunications Co (Wataniya), the country’s second-largest mobile telephone operator, said that it has posted a 5.9 percent rise in first-quarter net profit, Reuters reported.

Wataniya, a unit of Qatar Telecommunications Co (Qtel), reported earnings of $56.41 million, in the first quarter, compared with $52.9 million in the same period a year earlier, the firm said in a statement to the bourse.

It is worth mentioning that Wataniya operates in markets including Algeria, Tunisia, Saudi Arabia and the Maldives.

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