Qtel Posts QR1.3 Billion Net Profit

Doha, July 31 (QNA) - Qatar Telecom (Qtel) disclosed the semi annual financial statements for the period ending June 30, 2012. The reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR 1.3 Billion in comparison to QR 1.5 Billion for the same period last year, the company said in a statement published on the (Qatar Exchange) website. The company's Earning per Share (EPS) amounted to QR 4.92 as of June 30, 2012 versus QR 5.83 for the corresponding period in 2011. The Qtel Group is a leading international communications company. Its principle activities are mobile telephone services, broadband solutions, digital futures and fibre technologies, serving both consumer and business markets. Qtel Group's ultimate parent company is Qatar Telecom (Qtel) Q.S.C., whose shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange. (QNA)