The Chairman of the Board of the Qatari Telecommunication Company (QTEL), Sheikh Abdullah Bin Mohammed Al-Thani, estimated the company’s profits at 863 million Qatari Riyals ($237 million) in 2001 compared with QR 725 million in 2000, reported Al-Hayat . Sheikh Al-Thani added that this profit growth enabled the company to award dividends equivalent to 60 percent of the stock book value. The chairman of the board also said that the company’s total revenues grew to QR 1.6 billion in 2001, up from QR 1.3 billion in 2000. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
