Viva Kuwait Q3 revenue down by 14pct

28 Oct 2016

(MENAFN) Viva Kuwait recorded a 14 percent decline in Q3 net profit, as the impact of lower oil prices on the Kuwaiti economy dragged on revenue generation.

Moreover, the Saudi Telecom Co. subsidiary made a net profit of USD31.9mn in the cited period, compared with a profit of 11.27mn dinars in the year-earlier period.

On the other hand, third-quarter revenue increased by 1 percent to 70.65mn dinars.

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