Qtel’s Q1 revenues up 53%, profits rise 15%

Qatar Telecom (Qtel) has posted its financial results for the three months ended 31 March 2007. The full-service telco reported a net profit of USD138.1 million, a 15% increase on the USD119.8 million achieved in the same period of last year. The group’s revenues reached USD415.3 million in the quarter, a year-on-year increase of 53%. Qtel’s Omani mobile subsidiary, Nawras, saw a 91% hike in its revenues to USD48.6 million.