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Ooredoo falls slightly, telco giant reports higher Q1 profit
- Qatar: Wednesday, May 01 - 2013 at 14:59
The Qatar Exchange 20 Index slipped 0.11% to 8,667.85 points. Shares of the country's first telecom operator Ooredoo fell 0.87% to QR68.40. Earlier in the day, Ooredoo (Arabic for "I want") said its net profit in the first quarter amounted to QR808m, reoresenting a 13.6% year-on-year. The results included the impact of the increased shareholding in Asiacell (Iraq) and Watania (Kuwait). Ooredoo said it witnessed further strong momentum from international operations in Algeria, Indonesia and Iraq. The IPO of Asiacell at Baghdad stock market in Feb. this year raised $1.3bn and was the biggest going public since 2008.
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Gérard Al-Fil, Financial JournalistWednesday, May 01 - 2013 at 14:59 UAE local time (GMT+4)
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