Wataniya Q2 profit dips

15 August 2010

Kuwait's second-largest mobile phone operator, the National Mobile Telecoms Co (Wataniya) has posted a 69% decline in quarterly net profit to KD19.6m ($68.32m) from KD63.5m a year earlier, in line with forecasts, Reuters has reported. Net profit in the first half amounted to KD35.8m, down from KD78.8m in the first half of 2009. Wataniya operates in markets including Algeria, Tunisia, Saudi Arabia and the Maldives.

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