Qatar Telecom posted a 21% jump in full-year profit as it added new customers and expanded operations, Bloomberg has reported. Net income rose to 2.78 billion riyals ($764m) from 2.31 billion riyals a year earlier, the company said. Fourth-quarter profit dropped 7.9% to 431 million riyals as 'non-operational provisions' hurt earnings, it said, without giving further details.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.