Qatar Telecommunications Company (Qtel) posted a 50.4 per cent rise in third-quarter net profit attributable to shareholders to QR620 million ($170.3 million).

The company made QR1.8 billion in the nine months ended September 30, compared with QR1.3 billion in the same period a year earlier, it said in a statement on Tuesday, without giving a quarterly figure, which Reuters calculated based on earlier financial data.

Qtel's earnings per share in the nine months ended September 30 was QR14.65 compared with QR11.36 a year earlier.-Reuters