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Wataniya posts 22% profit increase
- Kuwait: Thursday, October 19 - 2006 at 16:44
Kuwait's Wataniya Telecom reports its profit for the first nine months of 2006 reached $172.3m, representing an increase of 22% over the corresponding period in 2005. Revenues grew 40% to $1.06bn. The telco says its subscriber based increased to around 8.8m from 5.2m during the period, after strong gains in markets in Algeria, Iraq, the Maldives and Saudi Arabia.
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James McInerney, News EditorThursday, October 19 - 2006 at 16:44 UAE local time (GMT+4)
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