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Qtel Q4 net profit rises 15%
2013-03-04 12:57:00| Telecompaper Headlines
(Telecompaper) Qatar Telecom, now known as Ooredoo, reported fourth-quarter net profit of QAR 523 million, up 14.6 percent from a year earlier. Revenues rose 6.4 percent to QAR 8.71 billion, and EBITDA was up 0.6 percent to QAR 3.88 billion. The company, which operates in 16 countries across the Middle East, Africa and Asia, grew its customer base 11.4 percent over the year to 92.9 million, including associates. Over the full year 2012, the operator increased capex 11 percent to QAR 7.32 billion or 22 percent of revenues, while free cash flow was up 2 percent to QAR 5.63 billion. Qtel said it would pay a cash dividend of QAR 5 per share. In the company's home market, quarterly revenues rose to QAR 1.58 billion from QAR 1.46 billion a year earlier, and EBIDTA increased to QAR 794 million from QAR 708 million, helped by a focus on cost control. While the customer base rose to 2.529 million at year-end from 2.376 million a year earlier, Qtel estimates its market share was down to 69 percent from 72 percent in 2011. ARPU of QAR 148.7 was up from QAR 145.2 a year earlier but fell from QAR 153.2 in Q3.
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Category:Telecommunications
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