Asiacell Profits Fall

By John Lee.

Mobile operator Asiacell has posted a 12.2 percent drop in annual net profit.

Reuters reports that the company, part of Qatar-based Ooredoo, made a net profit of 581 billion dinars ($498.62 million) in 2013, down from 662 billion dinars a year earlier.

Profit was impacted "non-recurring items - mainly related to tax in previous years - which totalled 74 billion dinars".

(Source: Reuters)

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