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DUBAI, Oct 24 (Reuters) - Mobile operator Ooredoo Kuwait
OORE.KW
reported a 2.6 percent drop in third-quarter net profit on Monday, the eighth quarter out of the last 10 that the company has recorded either falling profits or a loss.
* Net profit totalled 12.9 million dinars ($42.6 million) for the three months to Sept. 30, it said in a bourse statement. This compares with a profit of 13.3 million dinars in the year-earlier period.
* EFG Hermes forecast: 9.51 mln dinars. Arqaam Capital forecast: 9 mln dinars.
* Third-quarter revenue was 182.1 million dinars, versus 188.8 million dinars a year earlier.
* Ooredoo Kuwait struggled in recent quarters as stiff domestic competition and foreign exchange losses in Algeria and Tunisia hurt its bottom line.
($1 = 0.3030 Kuwaiti dinars)
(Reporting by David French; Editing by Susan Fenton) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
* Net profit totalled 12.9 million dinars ($42.6 million) for the three months to Sept. 30, it said in a bourse statement. This compares with a profit of 13.3 million dinars in the year-earlier period.
* EFG Hermes forecast: 9.51 mln dinars. Arqaam Capital forecast: 9 mln dinars.
* Third-quarter revenue was 182.1 million dinars, versus 188.8 million dinars a year earlier.
* Ooredoo Kuwait struggled in recent quarters as stiff domestic competition and foreign exchange losses in Algeria and Tunisia hurt its bottom line.
($1 = 0.3030 Kuwaiti dinars)
(Reporting by David French; Editing by Susan Fenton) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
