Ooredoo’s quarterly earnings up 9.7%

May 1, 2014 12:29 pm

Qatari telecoms group, Ooredoo has posted a 9.7% growth in its first-quarter net profit to QR887m ($243.62m) from QR808m a year earlier, Reuters has reported. First-quarter revenue fell to QR8.1bn from QR8.4bn. Ooredoo described its performance in Qatar, Oman and Algeria as “robust,” but warned the “operating environment remains tough with persistent price competition in Iraq, Kuwait and Indonesia.”