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Qatar Telecom reveals 45% decline in Q2 profit

17 August 2010

Qatar Telecom (Qtel) has reported a 45% decline in second-quarter profit to QR571m ($157m) from QR1.04bn a year earlier, Bloomberg has reported. Qtel said profit in the second quarter of last year "was higher due to one-off items including a reversal of a provision resulting from the positive outcome of the ministry of communication license fee decision in Kuwait."

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