BAGHDAD, May 2 (Reuters) - Iraq's Asiacell TASC.ISX , majority-owned by Qatar Telecom QTEL.QA (Qtel), reported on Thursday a 31 percent increase in net profit in 2012 to 662 billion dinars ($569.22 million) from 504 billion dinars in 2011.

($1 = 1163.0000 Iraqi dinars)

(Reporting by Aseel Kami; editing by James Jukwey)

((aseel.kami@thomsonreuters.com)(+964 7901 917 031)(Reuters Messaging: aseel.kami.reuters.com@reuters.net))

Keywords: IRAQ TELECOM/