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FINANCIAL NEWS
Qatar’s Ooredoo profit falls 11 percent in Q2
24 Jul 2014
(MENAFN) Net profit of the Qatari telecom operator Ooredoo fell by 11 percent in the second quarter of the current year, according to Arabian Business.
Ooredoo, which operates in about 15 countries across the Middle East, Africa and Asia, reported a USD224.4 million in the quarter compared to USD253.3 million in the same period 2013.
Two analysts polled by Reuters had forecast Ooredoo would make a quarterly profit of USD149.36 million and USD171 million respectively.
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