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Wataniya posts 20pc rise in Q2 net profit

Kuwait, July 25, 2013

Wataniya, Kuwait's second biggest telecom operator, reported a 20 per cent rise in second-quarter profit on Thursday, beating analysts' estimates.

Wataniya made a net profit of 22.91 million dinars ($80.4 million) in the three months to June 30, up from 19.08 million dinars in the same period a year ago, a statement to the stock exchange showed.

Two analysts polled by Reuters had on average forecast Wataniya would make a quarterly profit of 20.78 million dinars. - Reuters

Tags: Kuwait | Wataniya | Net Profit | rise |

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