Asiacell 2013 profit falls 12.2pc

May 07, 2014 - 5:54:15 pm

DUBAI: Asiacell, Iraq's second-biggest mobile operator by subscribers, posted a 12.2 percent drop in annual net profit on Wednesday.

The company, a unit of Qatar's Ooredoo, made a net profit of 581 billion dinars ($498.62 million) in 2013, down from 662 billion dinars a year earlier, it said in an emailedstatement.

Asiacell said its 2013 profit was impacted "by non-recurring items - mainly related to tax in previous years - which totalled 74 billion dinars". (Reuters)