Kuwaiti telecoms group Wataniya has reported a 90% drop in its first-quarter net profit to KWD28.3 million (USD102.1 million), with results in the year-earlier period having been boosted by a one-off fair value gain. Revenue for the three months to end-March 2012 stood at KWD180.3 million, up from KWD169.8 million the year before.
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OVETEL Algeria and Tunisia help boost Wataniya results, though profit slides
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