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FINANCIAL NEWS
Kuwait’s Wataniya profit up 46 percent in Q4
19 Feb 2014
(MENAFN) Kuwaiti telco Wataniya said that its fourth quarter net profit surged 46 percent, Arabian Business reported.
The company’s net profit reached USD65.3 million in the three-month period, increasing from USD44.6 million in the corresponding period a year earlier.
The firm’s results beat estimates a net profit of USD47.8 million by an analyst at EFG Hermes.
Wataniya’s profit increased from USD267.4 in 2012 to USD 269.5 in 2013.
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