www.WirelessFederation.com/news: With a year-on-year loss of 22.5%, a net profit of KWD11 million (USD37.9 million) has been posted by Kuwait-based National Mobile Telecommunications Company (Wataniya), for the fourth quarter of 2009.
However, its full year net profit was up to KWD108.3 million in 2009, from KWD82.4 million in 2008. No reasons have been revealed by the company behind its declining bottom line.
Its parent company Qatar Telecom (QTel) is also expected to release its preliminary results for the full year 2009 soon, with a full disclosure scheduled for March 7. Wataniya’s operating market includes Algeria, Tunisia, Saudi Arabia and the Maldives.
