Kuwaiti Wataniya Telecom Posts Net Profit for 2009

Wataniya Telecom (National Mobile Telecommunications Company KSC) announced the financial results of the year 2009. The company has posted a consolidated net profit of US$380.6 million for the year ending 2009, an increase compared to US$289.7 million for the same period in 2008. Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Chairman of Wataniya Telecom commented, "2009 was a successful year for Wataniya Telecom. We were able to effectively deal with continued competitive pressures in our home market of Kuwait while also delivering continuing positive results in our other properties." - Kuwait Times