Qtel posts $659m profits in 9 months

21 Oct 2010

(MENAFN) Qatar Telecommunication Company (Qtel) said that it realized $659 million in net profits in the first nine months this year, compared with $631 million in the same period of 2009, Kuna reported.

Qtel said in a press release revenues grew by 14.4 percent to $5.49 billion against $4.8 billion in the January-September period of 2009.

According to the release, the number of Qtel’s clients rose to 68.9 million by end of last month.

It is worth mentioning that Qtel is a public shareholding company and is active in 17 countries.

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