Qtel’s EBITDA climbs 8.2%; profits dip 11.8%

Qatar Telecom (Qtel) has posted its consolidated results for the six-month period ended 30 June 2012, in which it noted an 11.8% year-on-year drop in half-year net profit to QAR1.352 billion (USD371 million), caused largely by foreign exchange losses in Indonesia and Algeria. The company added that, excluding FX impact, ‘operational results showed growth of around 9%.’ The Doha-based group’s six-month revenues grew by 6.1% to QAR16.387 billion, driving EBITDA up by 8.2% to QAR7.796 million in January-June 2012, as Qtel’s total customer base climbed by 8.0% year-on-year to 83.7 million mobile, broadband and fixed line subscriptions

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OVETEL Qtel’s EBITDA climbs 8.2%; profits dip 11.8%