Qtel reports 12 per cent slide in net profit in Q1

Qtel Group reported a 7.6 per cent rise in revenues in Q112 to QAR8 billion (US$2.2 billion), though its net profit was down 12 per cent year-on-year to QAR711.4 million. The telco attributed the fall in net profit mainly to foreign exchange losses in Indosat

As of March 31, the group’s consolidated customer base stood at 84.4 million, up from 75.6 million a year earlier, representing growth in customers of 11.7 per cent.

EBITDA during the period increased 8 per cent to QAR 3.8 billion, with the telco’s margin remaining robust throughout the period at 48 per cent, the same percentage as in Q111.