(MENAFN) Mobile operator Ooredoo Kuwait posted a 2.6 percent decline in Q3 net profit of this year.
Additionally, revenue totaled USD42.6mn for the cited period, compared with a profit of 13.3mn dinars in the same period of 2015.
On the other hand, third-quarter revenue was 182.1mn dinars, against 188.8mn dinars a year earlier.
However, the mobile operator struggled in recent quarters as stiff local competition and foreign exchange losses in Algeria and Tunisia hurt its bottom line.
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