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Ooredoo Q2 net profit soars 44pc to $253m

Doha, July 30, 2013

Qatar telecoms group Ooredoo reported a 44 percent jump in second-quarter net profit on Tuesday, beating analysts' estimates.

The former monopoly, which operates in about 16 countries across the Middle East, Africa and Asia, made a net profit of 923 million riyals ($253.5 million) in the second quarter, up from 641 million riyals in the same period a year earlier.

Analysts polled by Reuters had on average forecast Ooredoo would make a quarterly profit of 845.31 million riyals. – Reuters

Tags: Qatar | Net Profit | Second quarter | Ooredoo |

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